Property
Beds
16
Full Baths
None
1/2 Baths
None
Year Built
1953
Sq.Footage
7,329
This 13-unit multifamily apartment offers an outstandinginvestment opportunity with strong cash flow and rental upside potential of approximately 15% +/-. Priced very competitively at a 6.82% Cap Rate and 9.92 GRM, an investor can step into a performing asset while enacting a value-add strategy to capture the remaining upside. Nearly all the units have had significant amounts of upgrades, and the property is comprised of seven separate structures on a large 18,000 sf lot with parking for 16 cars (mix of garage, covered, and uncovered)! There is also possibly ADU potential (Buyer to verify). The property features a unit mix of (3) two bedroom units, (9) one bedroom units, and (1) studio; All of which are individually metered for gas and electricity. The area has traditionally been a strong rental market, and units are in high demand.
Features & Amenities
Interior
-
Total Bedrooms
16
Area & Lot
-
Lot Size(acres)
0.4136
-
Property Type
Residential Income
Exterior
-
Garage
No
-
Parking
Covered, Garage
Financial
-
Sales Price
$2,850,000
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Joshua Cohen , Keller Williams Realty
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