Property listed by Marcus & Millichap, Saadia 'Sam' Liberow 818-212-2700
$3,800,000
This is a rare stabilized investment opportunity in the heart of Pico-Robertson featuring 8 townhouse-style 2-bedroom, 2.5-bath units across 8,400 SF. The property offers strong in-place cash flow with a 5.78% CAP rate, low vacancy, and professional management in place. Six of eight units have been recently remodeled with modern… Read More finishes, while updated plumbing, electrical systems, and separately metered utilities help minimize operating expenses. Built in 1989, the property is not subject to Los Angeles soft-story seismic retrofit requirements, saving future owners from costly and disruptive construction projects. Additional highlights include ample covered parking in a gated garage and 12 private balconies providing desirable outdoor living space. Located near major employment hubs, the property benefits from strong tenant demand, long-term rent growth potential, and favorable rent regulations under AB1482. Read Less
Listing Snapshot
Days Online
0
Last Updated
Beds
16
Square Ft.
8,400
Lot Size
0.15 Acres
Year Built
1989
MLS Number
26660565
Additional Details
Appliances & Equipment
Dishwasher
Building
Built in 1989, Living area: 8400.0, 8 buildings, 3 stories, Levels: Two
Cooling
CentralAir
Heating
Central
Income
Gross Income: $332,946, Net Operating Income: $219,489
Lot
0.1493 acres
Parking
10 total parking spaces, Gated
Taxes
Parcel Number: 4303011030, Zoning: LAR3
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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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