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$975,000
Est. payment /mo
11 Beds
5 Baths
3,505 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,505 sqft
Price per Sqft $278
MLS Listing ID 25541557
Bedrooms 11
HOA Y/N No
Year Built 1924
Lot Size 9,300 Sqft
Property Description
Five-Unit Apartment on a Large 9,302-SF Lot | Located in the Rapidly Gentrifying & Revitalized Neighborhood of Los Angeles | 10.31% Pro-Forma Cap Rate & 7.01 Pro-Forma GRM | 6.61% Current Cap Rate & 9.56 Current GRM | Unit Mix of (One) 3-Bedroom/1-Bathroom House and (Four) 2-Bedroom/1-Bathroom Units | Rare LAR3 TOC Tier 3 Zoning - Build Up to 20 Units* | TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit | Tremendous Value-Add Opportunity - Approximately 36% in Rental Upside | Located 3 Miles from SoFi Stadium, Youtube Theatre, The Forum & Intuit Dome (NBA Clippers Arena) | One Unit Delivered Vacant | Gated Building with 5 Parking Spaces | Offered at $195,000 Per Unit & $278 Per SF
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAR3
Interior
Fireplace No
Exterior
Parking Features Assigned, Garage, Uncovered
Total Parking Spaces 5
Building
Story 2
Entry Level One,Two
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 6032023025
Special Listing Condition Standard
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Listed by Jonathan Nikfarjam • Shield CRE, Inc.