Take advantage of an outstanding investment opportunity in Los Angeles delivering a 12.8% cash-on-cash return at the asking price, fueled by the assumption of a $1.56M loan at a fixed 3.17% interest rate locked through 2028--with capped increases thereafter. This rare financing structure creates highly attractive positive leverage in a… Read More market where such terms are virtually unavailable today. Offered at a 6.8% Cap Rate, the property was built in 1990 (buyer to verify RSO status) and spans 8,309 square feet on an 11,360 square foot lot, with an impressive 12 parking spaces. The building features four expansive 4-bedroom units and two well-sized 2-bedroom units, offering strong appeal for renters and ample potential for rental growth. There's also meaningful ADU upside, allowing a new owner to further enhance returns. With a 62.5% loan-to-value ratio at asking price, this deal combines today's pricing with cap rates of nearly 7%, interest rates from four years ago, and a favorable leverage structure, making it a uniquely compelling acquisition in today's environment. Don't miss the chance to secure this high-performing asset in a prime Los Angeles location. Read Less
Courtesy of Global Platinum Properties, Inc. 424-394-1030
Listing Snapshot
Days Online
132
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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