We are pleased to present this great investment income property in the heart of Los Angeles nearby Downtown LA (LA Convention Center, Crypto.com Arena, USC) and Korea-Town (bars, restaurants, and cafes). The Mid-Wilshire area is a highly dense neighborhood with high occupancy rates. The property has 6-Units and is Zoned… Read More LAR4 for future development potential on the corner of Hoover St. and 12th St. All tenants are current on rent. This 2-story apartment is an expansive 4,032 SF on a 6,272 SF lot with 10 parking spaces. Units consist of one 3 beds and 2 baths unit, one 2 beds and 1 bath unit, two 1 bed and 1 bath units, and two studio units. Easy access to the 10, 101, and 110 freeways. The cap rate of 5.9% is based on current gross income ($114,300) and expenses with the new property tax amount at the asking price of $1,375,000. Read Less
Property listed by Sunnyside Group, Yoon Kwak 213-290-3771
Listing Snapshot
Days Online
26
Last Updated
Property Type
Other
Beds
9
Square Ft.
4,032
Lot Size
0.14 Acres
Year Built
1906
MLS Number
24453971
30 Days Snapshot Of 90006
$727k
+5%
(avg) sold price
2
-33%
homes sold
56
-25%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1906, Building area total: 4,032, Levels: Two, Living area: 4032, 2 stories, 1 building
Cooling
WallWindowUnits
Expenses
Electric expense: $1,100, Insurance expense: $6,900, New taxes expense: $17,188, Trash expense: $1,600, Water sewer expense: $6,450
Income
Gross income: $114,300, Net operating income: $81,062
Lot
0.144 acres, 6,274 square feet, Size: 6,274
Parking
10 open parking spaces, 10 totals parking, Private, Uncovered
Property
Zoning: LAR4
Roof
Tile
Security Features
CarbonMonoxideDetectors, SmokeDetectors
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
