This 8 unit value add opportunity is in the heart of the USC Secure zone and across the street from Richardson Family Park. It has explosive rental upside of over 80%. The Market cap rate at Pro-forma rents is over 10%. There is a very desirable unit mix of… Read More (6) 2BR/1BA, and (2) 1BR/1BA Units. The average unit size is 822 SF. One of the 2BR units will be delivered vacant. The property is on a 7,715 SF lot and includes (8) parking spaces. It is separately metered for gas & electric insuring low operating costs, and the electrical service panel was recently updated. The family has owned the property for over 38 years, and they are highly motivated to give up the ownership. Nearby amenities include the USC campus, BMO Stadium, Lucas Museum, Exposition Park and much more. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Keith Moret 310-425-9838
Listing Snapshot
Days Online
69
Last Updated
Property Type
Other
Beds
14
Square Ft.
7,318
Lot Size
0.18 Acres
Year Built
1931
MLS Number
25500327
Additional Details
Appliances & Equipment
Disposal
Building
Built in 1931, Building area total: 7,318, Levels: Two, Living area: 7318, 2 stories, 1 building
Cooling
None
Heating
NaturalGas
Income
Gross income: $131,268, Net operating income: $70,218
Laundry
None
Lot
0.1785 acres, 7,775 square feet, Size: 7,775
Parking
8 open parking spaces, 8 totals parking, Assigned
Property
Zoning: LAR3
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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