** ONE VACANT UNIT & TWO VACANT GARAGES** 5746 Morley St is a 2,280-square-foot, 3-unit apartment building situated on a 6,864-square-foot LAR3 TOC Tier 3 lot, offering a great opportunity for investors or owner-occupants. The property is in a rapidly evolving pocket of Westchester, where new development continues to enhance… Read More the neighborhood's appeal.The building includes two 1-bed/1-bath units, one of which has been remodeled and is VACANT, along with a 2-bed/1-bath unit. Additionally, there are three garages, two of which are VACANT, offering potential for storage or conversion. With the passing of SB 1211, up to three ADUs can be added, creating an opportunity to increase rental income. Factoring in construction costs, the property is projected to operate at a 9.02% cap rate and a 8.70 GRM, making it an attractive value-add investment. This pocket is experiencing significant growth, with multiple new developments in progress (highly recommend driving by). This would be perfect for an owner occupant or an investor looking to add value. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
20
Last Updated
Property Type
Other
Beds
4
Square Ft.
2,280
Lot Size
0.16 Acres
MLS Number
25531009
Additional Details
Appliances & Equipment
Range/Oven, Refrigerator
Building
2,280 sq ft, Levels: Multi/Split
Disclosures
As Is
Garage
Garage - 3 Car
Lot
LotSizeArea: 6,866
Parking
TotalParking: 6
Property
NumberOfUnits: 3, OtherStructures: Other
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