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$ 1,878,000
Est. payment | /mo
18 Beds
8 Baths
5,234 SqFt
$ 1,878,000
Est. payment | /mo
18 Beds
8 Baths
5,234 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,234 sqft
Price per Sqft $358
MLS Listing ID 24350463
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 lot with 6 Garages. This fully rehabbed multi-unit building in the heart of Los Angeles offers serious income potential with a pro forma 10% CAP rate and 7.2 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***3 units will be delivered vacant. 2 are currently rent-ready allowing an immediate over $6,000 income to be added to current income immediately *** choose your own tenants!3rd unit (8th unit ) has approved plans ready just pull permits and finish to add an additional income ++++projected rent of $2175/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 **** Value-Add Opportunities:Add laundry room for added tenant convenience and additional revenue- Lease out garages separately for bonus monthly cash flow- Build out the 3rd unit with minimal steps (permits already approved!)Location: Prime Los Angeles central, in-demand, and ideal for long-term appreciation.
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
Listed by Nadia Fahimian ZARA Equity Corp.
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Carlos Echegaray
Broker | Lic# DRE 02006401