Request More Info
Schedule a Showing
Share
Print
|
Prime Location Alert. Just minutes from Sofi Stadium, LAX, Silicon Beach, West LA, and the South Bay, this exceptional 7-unit building offers an unbeatable investment opportunity. Featuring a nearly finished, brand-new 2bd/1ba permitted ADU, this property is already generating a substantial $191,088 in gross income—with a 20.13% upside potential in rents. There were over $400,000 in upgrades.The building boasts 4 newly remodeled units and recent upgrades, including dual-pane windows, copper plumbing, new foundation work, fresh exterior paint, and updated landscaping. Plus, with a Tier 3 Transit Oriented Communities Density Bonus (TOC), the 7,008 sq ft R3 lot offers exciting future development potential.This property is ideal for investors looking for a stable rental market and unparalleled access to premier Westside and South Bay attractions. The seller is willing to do a 1031 exchange at no cost to the buyer, making this deal even more attractive.Don’t miss out on this incredible long-term investment opportunity! Contact us for the offering memorandum.
Property Type(s):
Residential Income
| Last Updated | 12/13/2024 | Year Built | 1951 |
|---|---|---|---|
| Community | Westchester | Garage Spaces | 4.0 |
| County | Los Angeles |
Price History
| Prior to Nov 25, '24 | $2,975,000 |
|---|---|
| Nov 25, '24 - Dec 5, '24 | $2,849,000 |
| Dec 5, '24 - Dec 13, '24 | $2,824,000 |
| Dec 13, '24 - Today | $2,799,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dryer, Microwave, Refrigerator, Washer |
| AREA | Westchester |
| GARAGE | Assigned, Yes |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Down, Ceiling Fan(s) |
| LOT | 7008 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected, Electric: 220 Volts |
| WATER | Public |
| ZONING | LAR3 |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Coldwell Banker Realty
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.
This IDX solution is (c) Diverse Solutions 2024.
Twitter
Facebook
Email