Property listed by McAlpin & Company, Jerome McAlpin 310-437-4172
$900,000
The subject property is a Mid-City compound located in a desirable pocket for renters and homeowners alike. The complex consists of 5 units with an excellent mix of 3(2+1)'s and 2(1+1)'s. The structure contains 3,909 square feet and is situated on a large 8,273 square foot lot, zoned LAR2.… Read More The income is significantly below market which is an opportunity for a creative investor to deploy a tenant buyout program as well as capitalize upon tenant turnover. The current income is $6,354 per month and the annual income is over $76,000 annually. This long-term investment will not last. This is a prime asset in the middle of the LA, with access to Metro, DTLA, USC and the trendy upscale restaurants and bars in Mid-City. Read Less
Listing Snapshot
Days Online
9
Last Updated
Square Ft.
3,909
Lot Size
0.19 Acres
Year Built
1931
MLS Number
26641143
Additional Details
Building
Built in 1931, Living area: 3909.0, 2 buildings, Levels: Two
Cooling
None
Heating
WallFurnace
Income
Gross Income: $76,250, Net Operating Income: $43,143
Lot
0.19 acres
Parking
5 total parking spaces
Taxes
Parcel Number: 5046004028, Zoning: LAR2
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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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