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Elite Real Estate Group
info@elitereg805.com$2,850,000
Est. payment /mo
16 Beds
13 Baths
7,329 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,329 sqft
Price per Sqft $388
MLS Listing ID 25551069
Bedrooms 16
HOA Y/N No
Year Built 1953
Lot Size 0.414 Acres
Property Description
This 13-unit multifamily apartment offers an outstandinginvestment opportunity with strong cash flow and rental upside potential of approximately 15% +/-. Priced very competitively at a 6.82% Cap Rate and 9.92 GRM, an investor can step into a performing asset while enacting a value-add strategy to capture the remaining upside. Nearly all the units have had significant amounts of upgrades, and the property is comprised of three separate structures on a large 18,000 sf lot with parking for 16 cars (mix of garage, covered, and uncovered)! There is also possibly ADU potential (Buyer to verify). The property features a unit mix of (3) two bedroom units, (9) one bedroom units, and (1) studio; All of which are individually metered for gas and electricity. The area has traditionally been a strong rental market, and units are in high demand.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LCR320U*
Interior
Heating Forced Air
Cooling None
Fireplace No
Exterior
Parking Features Covered, Door-Multi, Garage, Uncovered
Total Parking Spaces 16
Building
Story 2
Entry Level One,Two
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 6076014008
Special Listing Condition Standard
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Listed by Joshua Cohen • Keller Williams Realty
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Elite Real Estate Group
Team