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$1,100,000
Est. payment /mo
4 Beds
4 Baths
5,464 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26157924
Bedrooms 4
Lot Size 5,464 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Actual 9.7 GRM/6.5% Cap Rate! This is a unique opportunity to acquire a 6 unit multifamily property located in unincorporated LA. Built in 1929, this Spanish style property is comprised of two separate buildings totaling 4,186sf and comprised of (6) large 1 bed/1 bath units, with decent layouts, full kitchen & bath, roomy bedroom, washer/dryer hookups, and One unit delivered Vacant and in rent ready condition. The current tenants have good rent histories, and the property offers a strong stabilized investment with built in upside in the rents in a high demand rental market. On a 5,464sf size lot zoned LC-R4, there a total of 6 garages in the rear w/ alley access, providing an ideal opportunity for an ADU conversion. Well located in East Los Angeles near multiple freeways, and near Citadel Outlets. This is a true Value Add Opportunity!
Location
State CA
County Los Angeles
Zoning Assessor
Direction Off 5 Fwy, exit Woods Ave, head north, before Olympic Blvd, right side.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5245013015
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
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Listed by Brian Noh, DRE#01438155 Nohco Real Estate
Nearby School & Business
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