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$1,395,000
Est. payment /mo
7,004 Sqft Lot
UPDATED:
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25055044
HOA Y/N No
Year Built 1963
Lot Size 7,004 Sqft
Property Sub-Type Apartment
Property Description
This 7-unit multifamily apartment offers a compelling investment opportunity with strong cash flow and rental upside potential of approximately 44% +/-. Priced competitively at a 6.44% Cap Rate and 9.75 GRM, an investor can step into a performing asset while enacting a value-add strategy to capture the remaining upside. The property features a unit mix of (5) two bedroom units and (2) one bedroom units, all of which are individually metered for gas and electricity, and also feature laundry hookups! The area has traditionally been a strong rental market, and units are always in high demand.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Zoning LAR3
Interior
Fireplace No
Laundry Washer Hookup, Electric Dryer Hookup
Exterior
Pool None
Community Features Sidewalks
Private Pool No
Building
Lot Description Street Level
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6020023010
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Listed by Josh Cohen • Keller Williams South Bay • 310-480-2130
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