Property listed by Miller & Desatnik Realty Co., Errol Spiro 310-202-9166
$2,600,000
Prime Palms/Mid-City 10-Unit Investment! Well-maintained building with (6) one-bedrooms and (4) two-bedrooms, several with private balconies. Quiet residential setting backing to single-family homes with low through-traffic. Strong in-place income with a 5.54% CAP Rate and 11.14 GRM; attractive pricing at $260k/unit (~$307/SF). Below-market rents offer significant mark-to-market upside across all… Read More unit types. Rare value-add opportunity in a high-demand rental submarket. Read Less
Listing Snapshot
Days Online
1
Last Updated
Beds
14
Square Ft.
8,456
Lot Size
0.2 Acres
Year Built
1962
MLS Number
25625609
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Refrigerator
Building
Built in 1962, Living area: 8456.0, 1 building, 2 stories, Levels: Two
Cooling
None
Heating
WallFurnace
Income
Gross Income: $236,299, Net Operating Income: $143,954
Lot
0.2011 acres
Parking
Uncovered
Taxes
Parcel Number: 4302021012, Zoning: LARD2
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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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