Just reduced! Large 5 unit building with (3) 3-Bed Units, (1) Large 2-Bed Unit, and (1) 1-bed unit in the excellent neighborhood of South Wrigley. The building is conveniently located less than a mile from the 710 Freeway, less than 2 miles from the 405, and just 2 miles North of the beach. Attractive residential tree-lined street.The property is priced to sell at 10.86 GRM and a current cap rate of 5.66%. There is approximately 7% upside in income to a market cap rate of 6.3%. It has fresh exterior paint and the electrical system was just updated in September of 2024. There is also a detached garage building off of the back alley that has 4 spots in 3 separate garages. Perfect ADU opportunity.
|
DAYS ON MARKET
|
39
|
LAST UPDATED
|
11/21/2024
|
|
TRACT
|
Wrigley Area (WR)
|
YEAR BUILT
|
1928
|
|
COMMUNITY
|
Wrigley Area
|
GARAGE SPACES
|
4.0
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Nov 21, '24
|
$1,399,000
|
| Nov 21, '24 - Today |
$1,350,000 |
| AIR |
None |
| APPLIANCES |
Gas Oven, Gas Range |
| AREA |
Wrigley Area |
| GARAGE |
Garage Faces Rear, Yes |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| INTERIOR |
Laminate Counters, Quartz Counters |
| LOT |
6399 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| PARKING |
Garage Faces Rear |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Mediterranean |
| SUBDIVISION |
Wrigley Area (WR) |
| UTILITIES |
Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: 220 Volts |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
LBR2N |
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Listed with Buckingham Investments, Inc
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 11/26/24 12:51 AM PST 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
This IDX solution is (c) Diverse Solutions 2024.
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