$1,120,000
$1,100,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
7,034 Sqft Lot
SOLD DATE : 06/06/2022
Key Details
Sold Price $1,120,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SB22018709
Sold Date 06/06/22
HOA Y/N No
Year Built 1948
Lot Size 7,034 Sqft
Property Description
Huge value-add 4-plex, located in Mid-City at 1288
West Blvd, Los Angeles 90019. This unique opportunity
has over 50% upside in monthly rental income, once
units are stabilized. Priced at only $275/unit, this is
ideal for any owner/user or investor looking to
capitalize in this rapidly appreciating sub-market of
Los Angeles.
1288 West Blvd is comprised of (4) 1Bed+1Bath units,
each featuring their own outdoor deck. There are also
(2) two car garages, as well as multiple drive way
parking spots. Once units are brought to market rent,
the property would operate at a 6.41% CAP and 11.46
GRM.
The subject property is located just steps away from
the Queen Anne Park/ Recreation Center and just a
short walking distance from the new Midtown Crossing
center, a shopping complex featuring large retailers
such as Lowe's, Ross, Starbuck's, Smart & Final, Planet
Fitness, etc. 1288 West Blvd features a walk-score of 90
making it a walker's paradise.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR3
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Biking, Curbs, Hiking
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5082011005
Acceptable Financing Conventional
Listing Terms Conventional
Financing Conventional
Special Listing Condition Standard
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