4-unit turn-key property with 3/4 units that will be delivered vacant andrent ready. Updated electrical and new copperplumbing. The building features one 2-bed/1-bathunit and three 1-bed/1-bath units, with 3 of the 4units currently renovated, offering a prime opportunityfor an investor or owner-occupier.4 uncovered parking spaces in the rear can beconverted to two stacked ADUs. With this addition,the cap rate jumps from an already attractive7.23% to an impressive 13.86%, offering substantialreturns.For investors, this is a cash cow with the ability tostabilize and generate significant cash flow. Forowner-users, it’s a perfect opportunity to occupyone unit, have two units cover your mortgage, andenjoy pure profit from the fourth unit. Don’t miss thisrare chance to maximize value in a sought-afterarea!
|
DAYS ON MARKET
|
34
|
LAST UPDATED
|
11/18/2024
|
|
YEAR BUILT
|
1922
|
COMMUNITY
|
Downtown L.A.
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Nov 18, '24
|
$945,000
|
| Nov 18, '24 - Today |
$939,000 |
| AREA |
Downtown L.A. |
| LOT |
4989 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
1 |
| WATER |
Public |
| ZONING |
LAR2 |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Ben
Salem to contact you even if your name is on a Federal or State
"Do not call List".
Listed with Lyon Stahl Investment Real Estate, 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 11/25/24 10:52 PM 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.
Save favorite listings, searches, and get the latest alerts
Save your favorite listings, searches, and receive the latest listing alerts
Twitter
Facebook
Email