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$ 1,948,900
Est. payment | /mo
7 Beds
7 Baths
2,275 SqFt
$ 1,948,900
Est. payment | /mo
7 Beds
7 Baths
2,275 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,275 sqft
Price per Sqft $856
MLS Listing ID 24465909
Bedrooms 7
HOA Y/N No
Year Built 1931
Lot Size 6,660 Sqft
Property Description
3 of 4 units are vacant. For Buyers looking at insurance related investments. All units are completely remodeled. Parking. Bungalow style 2 bed 2 bath units. One unit is a 1 bed 1 bath. The very large garage in the back is a 3 bedroom ADU potential. The new rent potential is $3700/mo for 2 bed units and $2100/mo for the one bedroom unit. The gross income potential is $158,400/yr or $13,200/mo. The projected net income is approx $127,212/yr. The cap is 6.52 and GRM is 12.3. The building is 2 short blocks from USC, the Expo/Vermont Metro Station, and the all new Lucas Museum of Narrative Art at Exposition Park opening this year. The museum is on 11 acres with 100,000 SF of restaurants, retail, and two state-of-the-art theaters. Look it up! These are 3 additional points of attraction for an investor. The building is bungalow style completely remodeled with new kitchens, bathrooms, flooring, central air & heat, in unit security systems, concrete, and more. Washer/Dryer inside each unit. There's a security gate in the front & the perimeter is fenced. The complex is well lighted for safety. USC students are an additional high income stream.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LARD1.5
Interior
Heating Central
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Exterior
Attached Garage No
Total Parking Spaces 7
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5037014008
Special Listing Condition Standard
Listed by Aram Gaboudian • Keller Williams Realty Downey
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "