Property listed by CBRE, Inc., Brice Head 310-363-4900
$2,079,000
Very well-maintained, very well-located 4-unit investment, in the heart of West LA's Palms submarket. Townhouse-style, 2-story, 2 Bed/1.5Bath units above an on-grade concrete parking structure. Units are almost 900 sq. ft. each. All units have a dedicated, separate, large storage room, as well. On-site laundry facilities and a communal patio… Read More area in the rear. Intercom entry and electronically-accessed parking. All units have 2 parking spaces. Roof is newer. An above average rental option that will command a top-of-the-market rent - especially with some updating as units turnover. Long-term, local ownership has not been aggressive, admittedly. Current rents are $2,100-$2,400 each - proforma rents of over $3,000 each could be within reach. 33% unrealized upside. The units' spacious, split layouts are ideal for a work-at-home renter or families. Read Less
Listing Snapshot
Days Online
17
Last Updated
Property Type
Other
Beds
8
Square Ft.
3,408
Lot Size
0.11 Acres
Year Built
1987
MLS Number
25578369
30 Days Snapshot Of 90034
$1.85M
-4%
(avg) sold price
11
-38%
homes sold
42
-35%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1987, Building area total: 3,408, Levels: Two, Living area: 3408, 2 stories, 1 building
Heating
WallFurnace
Income
Gross income: $111,600, Net operating income: $64,673
Interior Features
CeilingFans
Lot
0.1056 acres, 4,599 square feet, Size: 4,599
Parking
4 open parking spaces, 1 total parking, Private
Property
Zoning: LAR3
Security Features
KeyCardEntry
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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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