Property listed by Roque & Mark Company, Inc., David Schuchman 310-828-7525
$1,550,000
Roque & Mark Co. is please to present this metrics-driven value-add opportunity in a highly central, supply-constrained 90004 location! Perfectly positioned right where the historic charm of Larchmont Village meets the booming economic and rental density of Koreatown, this stable 8-unit building is an investor's dream, boasting an incredible… Read More 5.4% CAP rate and a conservative 9.9 GRM on current rents. The soft-story seismic retrofit has already been completed, eliminating immediate CapEx exposure for the next owner. The property features an optimal, highly marketable unit mix consisting of (4) 2 beds + 1 bath units and (4) 1 bed + 1 bath units. Investors can systematically modernize unit interiors upon natural turnover to capture rental upside in a neighborhood commanding elite market premiums. In a dense submarket where parking is fiercely competitive, the building offers a distinct tenant advantage with 7 dedicated carport spaces. Boasting a spectacular 80 Walk Score and 80 Transit Score, residents enjoy seamless access to local boutique shopping, premier dining corridors, and quick commutes into DTLA, Hollywood, and the Miracle Mile employment hubs. The property is subject to Los Angeles rent control. Read Less
Listing Snapshot
Days Online
15
Last Updated
Beds
12
3/4 Baths
8
Square Ft.
6,848
Lot Size
0.16 Acres
Year Built
1955
MLS Number
26104771
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Microwave
Building
Built in 1955, Living area: 6848.0, 1 building, Building faces East, 2 stories, Levels: One
Cooling
None
Heating
WallFurnace
Income
Gross Income: $155,748, Net Operating Income: $83,703
Laundry
CommonArea
Lot
0.1645 acres
Parking
7 carport spaces, 7 total parking spaces, Carport
Taxes
Parcel Number: 5522020012, Zoning: LAR3
Tenant Pays
Electricity, Gas
Utilities
Water Source: Public
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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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