$1,580,000
$1,625,000
2.8%For more information regarding the value of a property, please contact us for a free consultation.
6,259 Sqft Lot
SOLD DATE : 11/01/2021
Key Details
Sold Price $1,580,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21100056
Sold Date 11/01/21
HOA Y/N No
Year Built 1920
Lot Size 6,259 Sqft
Property Description
This 5-unit Multi-family asset is located in Mid City, Los Angeles. The property has spacious units with a total building size of 4,591 sqft. This building boasts a desirable unit mix of one(1) three-bedroom, two(2) two-bedroom and two(2) one-bedroom units. There is tremendous cash flow in this investment, with still 28% upside in the current rents and a 6.39% pro forma Cap rate. This asset is ideal for an investor looking to cash flow and still stabilize artificially low rents in a rapidly gentrifying Mid City market. The two(2) bedroom two(2) bathroom unit is VACANT. Please do not disturb the tenants. All showings will be subject to an accepted offer.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD2
Interior
Interior Features Ceiling Fan(s)
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Dishwasher, Refrigerator
Exterior
Parking Features Driveway
Total Parking Spaces 5
Building
Story 1
New Construction No
Others
Senior Community No
Tax ID 5072007010
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Chase Simonton • RE/MAX One
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "