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$1,500,000
Est. payment /mo
6,612 Sqft Lot
UPDATED:
12/05/2024 03:34 AM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR24174391
HOA Y/N No
Year Built 1923
Lot Size 6,612 Sqft
Lot Dimensions Public Records
Property Description
Great Los Angeles location! Built in 1922, this well-maintained 6-unit complex features 3 separate buildings including three individual tenant garages, a large 2BR + 1Bath with an additional 1BR + 1Bath unit situated over garages, two additional separate buildings each with one 2BR+1Bath, unit and a one 1BR+1Bath for a total of 6 units. The complex has 3595 square feet of rentable space on a 6611-square-foot lot. Each unit is separately metered for gas, electricity, and water. The owner pays for sewer and trash. The complex is currently 100% occupied on month-to-month tenancy. An astute investor will have the ability to capture roughly 90% in rental upside as tenants vacate or by successfully implementing a “Cash for Keys” program. This property will be delivered with tenants at the close of escrow. Please submit a complete offer to view the property. Only potential buyers with accepted offers will be allowed to view the inside of individual units.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LCR3YY
Interior
Fireplace No
Laundry None
Building
Lot Description 6-10 Units/Acre
Story 1
Water Public
Others
Tax ID 6021005026
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Listed by Edward Elliott • Dynasty R.E. Inc. • 657-203-4900
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