Property listed by Compass, Jesse Dougherty 310-995-4475
$1,300,000
Great opportunity to acquire a 9-unit multifamily property featuring a consistent and highly desirable all 2-bedroom, 1-bath unit mix. The property is currently 88.9% occupied with one vacant unit, providing immediate lease-up potential. The property generates $155,162 in gross income and approximately $81,656 in NOI, representing a 6.28% cap rate… Read More at the $1,300,000 asking price. Leasing the vacant unit at a projected $1,900 per month increases potential annual income to approximately $174,468 and produces an estimated 7.07% stabilized cap rate. Conveniently located near the 110 Freeway and major transportation corridors, the property provides access to Downtown Los Angeles, Inglewood and surrounding South Los Angeles neighborhoods. Read Less
Listing Snapshot
Days Online
9
Last Updated
Property Type
MixedUse
Lot Size
0.22 Acres
Year Built
1962
MLS Number
SB26046177
Additional Details
Building
Built in 1962, 1 building, 2 stories, Entry level: 1, Entry location: 1
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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