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Just reduced! Large 5 unit building with (3) 3-Bed Units, (1) Large 2-Bed Unit, and (1) 1-bed unit in the excellent neighborhood of South Wrigley. The building is conveniently located less than a mile from the 710 Freeway, less than 2 miles from the 405, and just 2 miles North of the beach. Attractive residential tree-lined street.The property is priced to sell at 10.86 GRM and a current cap rate of 5.66%. There is approximately 7% upside in income to a market cap rate of 6.3%. It has fresh exterior paint and the electrical system was just updated in September of 2024. There is also a detached garage building off of the back alley that has 4 spots in 3 separate garages. Perfect ADU opportunity.
Last Updated | 11/21/2024 | Tract | Wrigley Area (WR) |
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Year Built | 1928 | Community | Wrigley Area |
Garage Spaces | 4.0 | County | Los Angeles |
Price History
Prior to Nov 21, '24 | $1,399,000 |
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Nov 21, '24 - Today | $1,350,000 |
Additional Details
AIR | None |
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APPLIANCES | Gas Oven, Gas Range |
AREA | Wrigley Area |
GARAGE | Garage Faces Rear, Yes |
HEAT | Wall Furnace |
HOA DUES | 0 |
INTERIOR | Laminate Counters, Quartz Counters |
LOT | 6399 sq ft |
LOT DESCRIPTION | 0-1 Unit/Acre |
PARKING | Garage Faces Rear |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 2 |
STYLE | Mediterranean |
SUBDIVISION | Wrigley Area (WR) |
UTILITIES | Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: 220 Volts |
VIEW DESCRIPTION | None |
WATER | Public |
ZONING | LBR2N |
Location
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