Property listed by Compass, James Allan 310-437-7500
$1,995,000
James Allan Group is proud to present a 12 Unit Building in close proximity to the 110 Fwy and 105 Fwy Consisting of 11: 2BD l 1BA units and 1: 1BD l 1 BA unit, excellently maintained with great upside potential. Newer Roof, updated plumbing and sewer… Read More line, new landscaping and stucco. Several units completely remodeled. Extra storage/previous rental unit with potential to convert to ADU. Secured ample parking. Currently operated at 5.1 cap with upside pro forma of 12 cap rate at market rents. Over $250,000 in improvements to the property. Proforma potential $306,000 Gross Income with 12.16 CAP and GRM of 6.6. 9766 sq ft Building space and 11,326 Sq ft lot size .Subject to LA rent control. Email for OM. Read Less
Listing Snapshot
Days Online
35
Last Updated
Beds
23
Square Ft.
9,766
Lot Size
0.24 Acres
Year Built
1960
MLS Number
26668823
Additional Details
Appliances & Equipment
Dishwasher, Microwave
Building
Built in 1960, Living area: 9766.0, 1 building, 2 stories, Levels: Two
Cooling
None
Expenses
Gardener: $3,670, Insurance: $6,831, Trash: $6,336, Other Expense: $14,101
Heating
WallFurnace
Income
Gross Income: $165,748, Net Operating Income: $102,002
Lot
0.2377 acres
Parking
Covered, ElectricGate, CommunityStructure
Taxes
Parcel Number: 6117005009, Zoning: LAR3
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