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Situated in a highly sought-after neighborhood, this 11 unit property has 7 freshly remodeled units ready for occupancy which offers tremendous cashflow at a 9.7 CAP rate with upside potential for investors. The building consists of a mix of spacious studios, one- and two-bedroom units, all with updated features, including modern appliances, hardwood floors, and ample natural light. All two-bedroom conversions were completed with permits, and additional permits are on hand to convert the remaining one-bedroom units into two-bedroom layouts—offering significant upside potential.Ample parking on site. Laundry room on site as well.The building features two newly constructed ADUs, both of which will be delivered with Certificates of Occupancy at the close of escrow. Investors have the flexibility to lease at market rents immediately or customize tenant selection.With easy access to major freeways, public transit, and some of Los Angeles' best dining, entertainment, and shopping, this building is perfectly positioned to attract high-quality tenants. The property offers great potential for increased rental income with strategic upgrades and renovations, making it an ideal addition to any real estate portfolio. Don’t miss out on this incredible investment—contact us today for more details or to schedule a private tour!
Property Type(s):
Residential Income
| Last Updated | 3/1/2025 | Year Built | 1954 |
|---|---|---|---|
| Community | Metropolitan Southwest | County | Los Angeles |
Additional Details
| AREA | Metropolitan Southwest |
|---|---|
| LOT | 7214 sq ft |
| LOT DESCRIPTION | Corner Lot |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
| ZONING | LAC2 |
Location
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Listed with Keller Williams SELA
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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