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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 9.9 GRM/6.3% Cap Rate! This is a unique opportunity to acquire a 6 unit multifamily property located in Unincorporated LA so it does NOT fall under city of LA RSO. 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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