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Diego Magdaleno

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

$2,100,000

Est. payment - /mo

15 Beds

14 Baths

6,830 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,830 sqft

Price per Sqft $307

MLS Listing ID 25619125

Bedrooms 15

HOA Y/N No

Year Built 1964

Property Description

First time on the market in 36 years! This 9-unit property presents an incredible opportunity to add value to a very desirable asset in a premium location. Built in 1964, the structure totals 6,830 SF situated on a 7,105 SF lot. The unit mix consists of (1) 3Bed/2Bath, (2) 2Bed/2Bath, (2) 2Bed/1Bath and (4) 1Bed/1Bath units. There are 10 parking spaces. The property has been professionally managed for years and offers 60% rental upside. The Pro Forma Cap Rate is 8.77% and Pro Forma GRM is 7.35.The asking price for this asset is $2,100,000 which represents pricing indicators of 3.85% Cap Rate, 11.73 GRM, $233,333 Per Unit and $307.47 Per SF.

Location

State CA

County Los Angeles

Area C13 - Palms - Mar Vista

Zoning LAR3

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Appliance Disposal

Exterior

Parking Features Attached Carport

Total Parking Spaces 9

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4236017030

Special Listing Condition Standard

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Listed by Keith Moret Lyon Stahl Investment Real Estate, Inc.

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12717 Matteson AVE Los Angeles, CA 90066