Property listed by Brown Realty, Jeremy Brown 818-971-9331
$999,500
Priced attractively with clear value-add potential, this 7-unit multifamily property in Los Angeles consists of three separate early-1900s buildings situated on an oversized 8,223 sq ft lot, a notable footprint for the submarket.
The property is currently operated with long-term, stable tenants, providing immediate in-place cash flow, while offering meaningful upside… Read More through renovation, repositioning, and/or redevelopment. The site layout and lot size present strong potential for a creative owner or developer to explore additional density, including ADUs or a potential ED1 development strategy (buyer to verify). Read Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
Apartment
Lot Size
0.19 Acres
Year Built
1904
MLS Number
SR26015427
Additional Details
Building
Built in 1904, 3 buildings, 2 stories, Entry level: 1, Entry location: ground
Community
Urban
Expenses
Operating: $53,812
Income
Gross Income: $120,357, Gross ScheduledIncome: $120,357, Net Operating Income: $64,138
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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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