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$1,995,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,683 sqft
Price per Sqft $259
MLS Listing ID 25476913
Bedrooms 17
HOA Y/N No
Year Built 1959
Lot Size 8,990 Sqft
Property Description
$100K PRICE REDUCTION - PRICED TO SELL. UNDER 10 GRM ON ACTUAL RENTS. 9 units located in South Los Angeles subject to Rent Control. Priced at 9.6 GRM and a 6.4% CAP with rental uspide to a 6.9% CAP. Good unit mix for the area. NO Section 8 tenants. Onsite laundry room. Property features 3 tandem carport parking spaces in the front and another 6 private garages in the rear. 12 parking total. Per Cal Quake, there is an opportunity to add additional ADU units - 1 in the front and 2 in the rear. Buyer to verify. The property's interior and exterior has been well maintained and Professionally Managed. All units have been updated with new paint, fixtures and flooring when turned, and units 1 & 8 have new kitchens as well. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND ACTUAL EXPENSES.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LCR320U*
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Covered
Total Parking Spaces 12
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6076022015
Special Listing Condition Standard
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Listed by Jonathan Swire • The Agency