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$1,675,000
Est. payment /mo
18 Beds
8 Baths
5,234 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,234 sqft
Price per Sqft $320
MLS Listing ID 26669427
Bedrooms 18
HOA Y/N No
Year Built 2020
Lot Size 9,317 Sqft
Property Description
Attention Savvy Investors: Immediate Cash Flow + EVEN MORE Value-Add Potential! 4 separate Buildings on huge R3 lot ( over 9300 sq ft ) with 6 Garages. This fully rehabbed multi-unit building in the heart of Los Angeles offers serious income potential with a pro forma 10.4 % CAP rate and 7.3 GRM!!!!! . Perfect for savvy investors seeking strong returns with minimal upfront hassle. Property Highlights: Fully renovated in 2020: new roof, plumbing, electrical, kitchens, and bathrooms****** choose your own tenants! Currently 7 units - with potential to add a JADU (8th unit ) --- Appproved plans and Permits to convert existing space to add an additional unit to add even more income ++++projected rent of $2100/Month ***Potential to add on-site laundry and rent out garages for additional income***Experienced professional property management in place and can stay on post-sale **** Location: Prime Los Angeles central, in-demand, and ideal for long-term appreciation. //Value-Add Opportunities: 1) Build out the 8th unit with minimal steps (pans and permits already approved!) 2) Add laundry room for added tenant convenience and additional revenue- 3) Lease out garages separately for bonus monthly cash flow- Currently 2 vacant units- both are now rent ready - these 2 units can be delivered with 2 units vacant or olny one - or both units rented
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAR3
Interior
Interior Features Ceiling Fan(s)
Heating Natural Gas, Wall Furnace
Fireplace No
Appliance Disposal
Exterior
Parking Features Assigned, Controlled Entrance, Covered, Door-Single, Garage, Garage Door Opener
Total Parking Spaces 6
Building
Story 2
Entry Level One,Two
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 6032021018
Special Listing Condition Standard
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Listed by Nadia Fahimian ZARA Equity Corp. #01182648
Nearby Locations
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