*Financial Metrics* - 5.06% in-place Cap Rate with potential to reach 6.63% post-ADU conversion and 17.51% average annual return, 7.58% pre-tax cash flow . *Property Features* - 8 units with 3 current vacancies, completed seismic retrofit, and potential for 3 additional ADUs. *ADU Potential* - 2 ADUs are RTI, and… Read More there is potential to add a third ADU. *Location Benefits* - Centrally located near the NoHo Arts District, Red/Orange Metro Line, and upcoming mixed-use developments. *Capital Improvements* - New paint, electrical panels, breakers, security cameras and landscaping, over $100K in capital expenditures. *Walk Score* - Very walkable neighborhood with a 72 Walk Score--most errands can be done on foot. Read Less
Property listed by Houze Real Estate Management, Kelly Morgan 323-852-1372
Listing Snapshot
Days Online
183
Last Updated
Beds
10
Square Ft.
4,794
Lot Size
0.2 Acres
Year Built
1953
MLS Number
25566573
Additional Details
Building
Built in 1953, Living area: 4794.0, 1 building, Levels: Two
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross Income: $199,944, Net Operating Income: $126,475
Lot
0.2047 acres
Parking
8 total parking spaces, Covered, DoorMulti, Garage
Taxes
Parcel Number: 2326014028, Zoning: LAR3
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