Property listed by ZARA Equity Corp., Nadia Fahimian 424-777-9040
$1,675,000
Attention Savvy Investors: Immediate Cash Flow + EVEN MORE Value-Add Potential! 4 separate Buildings on huge R3 lot ( over 9300 sq ft ) with 6 Garages. This fully rehabbed multi-unit building in the heart of Los Angeles offers serious income potential with a pro forma 10.4 % CAP… Read More rate and 7.3 GRM!!!!! . Perfect for savvy investors seeking strong returns with minimal upfront hassle. Property Highlights: Fully renovated in 2020: new roof, plumbing, electrical, kitchens, and bathrooms****** choose your own tenants! Currently 7 units - with potential to add a JADU (8th unit ) --- Appproved plans and Permits to convert existing space to add an additional unit to add even more income ++++projected rent of $2100/Month ***Potential to add on-site laundry and rent out garages for additional income***Experienced professional property management in place and can stay on post-sale **** Location: Prime Los Angeles central, in-demand, and ideal for long-term appreciation. //Value-Add Opportunities: 1) Build out the 8th unit with minimal steps (pans and permits already approved!) 2) Add laundry room for added tenant convenience and additional revenue- 3) Lease out garages separately for bonus monthly cash flow- Read Less
Listing Snapshot
Days Online
35
Last Updated
Beds
18
Square Ft.
5,234
Lot Size
0.21 Acres
Year Built
2020
MLS Number
26669427
Additional Details
Appliances & Equipment
Disposal
Building
Built in 2020, Living area: 5234.0, 4 buildings, 2 stories, Levels: One, Two
Disclosures
PrincipalIsRealEstateLicensed
Heating
NaturalGas, WallFurnace
Income
Gross Income: $229,500, Net Operating Income: $172,125
Interior Features
CeilingFans
Lot
0.2139 acres
Parking
6 total parking spaces, Assigned, ControlledEntrance, Covered, DoorSingle, Garage, GarageDoorOpener
Taxes
Parcel Number: 6032021018, Zoning: LAR3
Tenant Pays
Electricity, Gas
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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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