Incredible opportunity in the vibrant city of Los Angeles! This charming 6-unit property offers a remarkable chance to enhance and expand your real estate portfolio. With an attractive 6.25% Cap Rate, this 1990 constructed property (buyer to do own diligence on RSO restrictions) showcases significant potential for multiple ADUs and… Read More substantial rental growth. Spanning a generous 8,309 square feet on an expansive 11,000 square foot lot, this property also boasts an astounding 12 parking spaces and features four spacious 4-bedroom units, perfect for families, alongside two inviting 2-bedroom units. An assumable $1.56 million dollar loan with a remarkably low 3.17% interest rate, securely locked in until 2028 (with capped increases thereafter), results in notable positive leverage. With a 60% Loan-To-Value ratio (LTV) and a fantastic cash-on-cash return of 10.9%, this opportunity embodies an excellent investment prospect! This is a unique opportunity to secure today's pricing at 6% cap rates + interest rates of 4 years ago + a reasonably high LTV, the combination of which are virtually unheard of in this market. Don't miss out on this outstanding opportunity! Read Less
Courtesy of Global Platinum Properties, Inc. 424-394-1030
Listing Snapshot
Days Online
49
Last Updated
Property Type
Other
Beds
20
Square Ft.
8,309
Lot Size
0.26 Acres
Year Built
1990
MLS Number
25517579
Additional Details
Appliances & Equipment
None
Building
8,309 sq ft, Built in 1990, Levels: Two
Cooling
Window Unit(s)
Disclosures
None
Garage
Assigned, Carport Attached
Heating
Wall
Lot
LotAcreage: 0.2608, LotSizeArea: 11,362
Parking
TotalParking: 0
Property
NumberOfUnits: 6, Zoning: LAR3
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