Property listed by McAlpin & Company, Jerome McAlpin 310-437-4172
$1,200,000
We are pleased to present this six-unit apartment complex in the desirable Baldwin Hills area. It consists of all one-bedroom units, averaging over 1,000 square feet each. This 2-story structure was built in 1950 of wood-frame stucco construction. It is situated on an 8,011 square foot lot,… Read More which is zoned LAR3. The building also features 3 - 2 car garages off the alley as well as laundry hook-ups in each unit. The income is currently below market as it is producing $6,745 per month. Market rent for the building is closer to $13,320 per month. So, there is tremendous upside in the rent upon turnover and this is a great opportunity to own in an exclusive rental area. Please do not disturb tenants or walk on the property. All offers to be made subject to inspection. Read Less
Listing Snapshot
Days Online
11
Last Updated
Property Type
Other
Beds
6
Square Ft.
6,006
Lot Size
0.18 Acres
Year Built
1950
MLS Number
25533013
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
Building
Built in 1950, Building area total: 6,006, Levels: Two, Living area: 6006, 2 stories, 1 building
Cooling
None
Floors
Wood
Heating
WallFurnace
Income
Gross income: $80,940, Net operating income: $52,202
Lot
0.1839 acres, 8,011 square feet, Size: 8,011
Parking
6 totals parking, DoorMulti, Garage
Property
Zoning: LAR3
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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