Price Reduction! 10-unit building with 6 fully renovated units (1 vacant) Cash flowing at an amazing 7.4% Cap Rate from day 1 with upside to 11% Cap on Proforma. Fully Approved RTI plans to add 2 Attached ADUs to achieve a remarkable 9.3% Current Cap Rate, 13.1% Proforma Cap Rate, and only 205k/door after taking into account all constructions costs (assuming $200/SF). All units are individually metered for Electricity and gas, and tenants pay for Trash. Rare 8 vacant single Car Garages for additional income and ADU potential. RTI plans to add 2 Attached ADUs in the garages will eliminate/reduce the soft-story scope of work and cost. Easy to rent unit mix consisting of 10 large (1 bed/1 bath) units. 6 units have been fully remodeled and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. This property is located in the trendy & historic Filipino Town just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.
DAYS ON MARKET
|
56
|
LAST UPDATED
|
7/24/2025
|
YEAR BUILT
|
1954
|
COMMUNITY
|
C42 - Downtown L.A.
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
Prior to Jul 24, '25
|
$2,295,000
|
Jul 24, '25 - Today |
$2,195,000 |
APPLIANCES |
Refrigerator |
AREA |
C42 - Downtown L.A. |
GARAGE |
Attached Garage |
LOT |
6386 sq ft |
PARKING |
Attached |
STORIES |
2 |
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Listed with Global Platinum Properties, Inc.
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Based on information from California Regional Multiple Listing Service, Inc. as of 8/4/25 5:23 PM PDT 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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