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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$1,878,000

Est. payment - /mo

18 Beds

8 Baths

5,234 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,234 sqft

Price per Sqft $358

MLS Listing ID 24350463

Bedrooms 18

HOA Y/N No

Year Built 2020

Lot Size 9,317 Sqft

Property Description

Attention Savvy Investors: Immediate Cash Flow + EVEN MORE Value-Add Potential! 4 separate Buildings on huge lot with 6 Garages. This fully rehabbed multi-unit building in the heart of Los Angeles offers serious income potential with a pro forma 10% CAP rate and 7.2 GRM!!!!! . Perfect for savvy investors seeking strong returns with minimal upfront hassle. Property Highlights: Fully renovated in 2020: new roof, plumbing, electrical, kitchens, and bathrooms***3 units will be delivered vacant. 2 are currently rent-ready allowing an immediate over $6,000 income to be added to current income immediately *** choose your own tenants!3rd unit (8th unit ) has approved plans ready just pull permits and finish to add an additional income ++++projected rent of $2175/Month ***Potential to add on-site laundry and rent out garages for additional income***Experienced professional property management in place and can stay on post-sale **** Value-Add Opportunities:Add laundry room for added tenant convenience and additional revenue- Lease out garages separately for bonus monthly cash flow- Build out the 3rd unit with minimal steps (permits already approved!)Location: Prime Los Angeles central, in-demand, and ideal for long-term appreciation.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LAR3

Interior

Interior Features Ceiling Fan(s)

Heating Natural Gas, Wall Furnace

Fireplace No

Appliance Disposal

Exterior

Parking Features Assigned, Controlled Entrance, Covered, Door-Single, Garage, Garage Door Opener

Total Parking Spaces 6

Building

Story 2

Entry Level One,Two

Level or Stories One, Two

New Construction No

Others

Senior Community No

Tax ID 6032021018

Special Listing Condition Standard

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Listed by Nadia Fahimian ZARA Equity Corp.

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520 W 82nd ST Los Angeles, CA 90044