Property listed by McAlpin & Company, Jerome McAlpin 310-437-4172
$1,650,000
We are pleased to announce a price improvement on this 8 Unit investment opportunity. It is located in Leimert Park, a popular submarket in Los Angeles. The building consists of all one bedroom - one bath units and contains 5,908 square feet. It is situated on… Read More a 5,281 square foot lot, which is zoned LAR3. The investment is currently producing $12,198 per month and there is still plenty of upside in the rents. The GRM is 11.2 with a 5.43 CAP rate and the Market GRM is 7.82 with a 9.18 Market CAP. The complex was built in 1933, with wood-frame, stucco construction and beautiful Spanish architecture. This is an excellent opportunity to invest in a highly sought after location with lots of potential. Please make all offers subject to inspection. Read Less
Listing Snapshot
Days Online
147
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,908
Lot Size
0.12 Acres
Year Built
1933
MLS Number
24472681
30 Days Snapshot Of 90008
$1.35M
-1%
(avg) sold price
6
-50%
homes sold
77
+5%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal, Refrigerator
Building
Built in 1933, Building area total: 5,908, Levels: Two, Living area: 5908, 2 stories, 1 building, Architectural style: Spanish
Heating
WallFurnace
Income
Gross income: $143,873, Net operating income: $89,609
Lot
0.1212 acres, 5,281 square feet, Size: 5,281
Parking
None
Property
Zoning: LAR3, None
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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