Rare opportunity to buy a building with 6 of 9 units delivered VACANT, giving a Buyer endless rental possibilities to hand pick their own tenants and generate substantial Day 1 cashflow! Diverse and top-heavy unit mix with (3) 2 Bed/1 Bath, (4) 1 Bed/1 Bath, and (2) Studio units. Of… Read More the 6 vacancies, 3 of them are remodeled and Section 8 move-in-ready, with the other 3 ready for a Buyer to renovate to their preference! Of the 3 occupied units, one (Unit #4, 1 Bed/1 Bath), has been remodeled and leased to Section 8 for $2,407/month! In addition to 4 renovated units, the building has undergone remodeled hallways & common areas, electrical repairs, and all 9A work (i.e. EQ shut off valves, carbon and smoke monoxide detectors, water heater strapping and low flush toilets) has been completed. The property is separately metered for gas & electricity, and, with no on-site laundry room, common area utilities will remain low to help sustain a great NOI. Tenants are just a close 2 miles away from the evolving Exposition Park that now features The Lucas Museum of Narrative Art to go along with BMO Stadium, LA Coliseum, California Science Center & Natural History Museum, and USC's campus. Read Less
Property listed by Avenue Realty Group, Jonathan Rawson 310-310-8624
Listing Snapshot
Days Online
47
Last Updated
Property Type
Other
Beds
9
Square Ft.
4,660
Lot Size
0.11 Acres
Year Built
1912
MLS Number
25486731
30 Days Snapshot Of 90011
$550k
-5%
(avg) sold price
1
-80%
home sold
46
-49%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1912, Building area total: 4,660, Levels: Two, Living area: 4660, 2 stories, 1 building
Community
Gated
Heating
WallFurnace
Income
Gross income: $208,212, Net operating income: $138,090
Laundry
None
Lot
0.1122 acres, 4,888 square feet, Size: 4,888
Parking
1 open parking space, 1 total parking, None
Property
Zoning: LAR2
Security Features
GatedCommunity
Tenant Pays
Electricity, Gas
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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.
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