Only $75/sf land with huge upside. Value Add Opportunity! This fully occupied 7 unit multifamily property is comprised of four separate buildings on a big 12,567sf lot zoned RD1.5. All the units are currently tenant occupied w/ good rent histories, no delinquencies, and the property offers huge upside in… Read More the rents allowing for a local and/or savvy investor to create value and maximize rents. Built in 1924, this property totals 3,600sf in size and offers a solid unit mix with (7) 2 bed/1 bath bungalow style units each with a decent layout, full kitchen & bath, roomy bedrooms, washer/dryer hookups, and some private patio area. On a large 0.29acre double size lot, there are two driveways w/ a total of 10 open parking spaces to provide ample use by tenants & guests. Well located in Los Angeles near Downtown, Crypto Arena, & close proximity to USC and the 110 Freeway. Terrific Opportunity! Read Less
Property listed by Nohco Real Estate, Brian Noh 9493085775
Listing Snapshot
Days Online
0
Last Updated
Property Type
Apartment
Lot Size
0.29 Acres
Year Built
1924
MLS Number
OC26029405
Additional Details
Appliances & Equipment
Dishwasher, Disposal, GasRange, WaterHeater
Building
Built in 1924, 4 buildings, Building faces South, 1 storey, Levels: One, Entry level: 1, Entry location: Front, Construction Materials: Stucco
Community
Curbs, StreetLights, Sidewalks
Cooling
WallWindowUnits
Expenses
Operating: $44,718
Fence
Wood
Fireplaces
None
Floors
Carpet, Tile
Foundation
Raised
Heating
WallFurnace
Home Owner's Association
Association Fee: $0
Income
Gross Income: $86,052, Gross ScheduledIncome: $86,052, Net Operating Income: $39,613
Interior Features
CeilingFans, AllBedroomsDown, BedroomOnMainLevel
Laundry
WasherHookup, GasDryerHookup
Lot
0.2885 acres, SixToTenUnitsAcre, Landscaped
Parking
10 open parking spaces, 10 total parking spaces, OnSite, Uncovered
CableAvailable, ElectricityAvailable, NaturalGasAvailable, PhoneAvailable, SewerAvailable, WaterAvailable, Water Source: Public, 7 separate electric meters, 7 separate gas meters
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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