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Diego Magdaleno

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

$2,450,000

Est. payment - /mo

20 Beds

10 Baths

8,309 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,309 sqft

Price per Sqft $294

MLS Listing ID 25620117

Bedrooms 20

HOA Y/N No

Year Built 1990

Lot Size 0.261 Acres

Property Description

Incredible opportunity in the vibrant city of Los Angeles! This charming 6-unit property offers a remarkable chance to enhance and expand your real estate portfolio. With an attractive 7.0% Cap Rate, this building, constructed in 1990 (buyer to do own diligence on RSO restrictions), showcases significant potential for multiple ADUs and substantial rental growth. Spanning a generous 8,309 square feet on an expansive 11,000 square foot lot, this property also boasts an astounding 12 parking spaces! It features four spacious 4-bedroom units, perfect for families, alongside two well-appointed 2-bedroom units. Larger, family-sized units like these consistently demonstrate more favorable expense ratios; operating costs don't scale linearly with unit size, meaning stronger net operating income and greater long-term efficiency for owners. Additionally, the property includes an assumable $1.56M loan with a remarkably low 3.17% interest rate locked through 2028 (with capped increases thereafter), resulting in substantial positive leverage. With a 64% Loan-to-Value (LTV) and a compelling 13.6% cash-on-cash return at the asking price, this offering embodies an exceptional investment profile. This is an unusual chance to secure today's pricing at a 7.0% cap rate, paired with interest rates from four years ago and a significantly favorable LTVa combination virtually unheard of in today's market. Don't miss out on this outstanding‌‌‌‌‌‌‌‌‌‌‌‌ opportunity!

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Exterior

Parking Features Attached Carport, Assigned

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4006011021

Special Listing Condition Standard

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Listed by Armin Soleimani Global Platinum Properties, Inc.

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6339 10th AVE Los Angeles, CA 90043