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1237 Amherst Avenue is a well-maintained 9-unit ‘bread-and-butter’ multifamily opportunity situated on a quiet side street in coveted West Los Angeles offered at a 5.1% cap rate! The property is currently generating excellent rental income with the average rent of $2,507/month per unit. There is additional upside of approximately 15-20% from current to market which may be achieved with upgraded in-unit renovations such as renovated kitchens and bathrooms. The property offers a diverse unit mix of six (6) one-bedroom units and three (3) two-bedroom units, many of which feature private balconies or patios. 1237 Amherst has completed the LA Seismic Retrofit (CofC dated 5/1/2020).
Last Updated | 9/17/2024 | Year Built | 1966 |
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Community | West Los Angeles | Garage Spaces | 8.0 |
County | Los Angeles |
Additional Details
AREA | West Los Angeles |
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GARAGE | None, Yes |
LOT | 7004 sq ft |
LOT DESCRIPTION | 0-1 Unit/Acre |
PARKING | None |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 2 |
WATER | Public |
ZONING | LAR3 |
Location
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