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4-unit turn-key property with 3/4 units that will be delivered vacant andrent ready. Updated electrical and new copperplumbing. The building features one 2-bed/1-bathunit and three 1-bed/1-bath units, with 3 of the 4units currently renovated, offering a prime opportunityfor an investor or owner-occupier.4 uncovered parking spaces in the rear can beconverted to two stacked ADUs. With this addition,the cap rate jumps from an already attractive7.23% to an impressive 13.86%, offering substantialreturns.For investors, this is a cash cow with the ability tostabilize and generate significant cash flow. Forowner-users, it’s a perfect opportunity to occupyone unit, have two units cover your mortgage, andenjoy pure profit from the fourth unit. Don’t miss thisrare chance to maximize value in a sought-afterarea!
Property Type(s):
Residential Income
| Last Updated | 11/18/2024 | Year Built | 1922 |
|---|---|---|---|
| Community | Downtown L.A. | County | Los Angeles |
Price History
| Prior to Nov 18, '24 | $945,000 |
|---|---|
| Nov 18, '24 - Today | $939,000 |
Additional Details
| AREA | Downtown L.A. |
|---|---|
| LOT | 4989 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| WATER | Public |
| ZONING | LAR2 |
Location
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Listed with Lyon Stahl Investment Real Estate, Inc.
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