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$ 1,400,000
Est. payment | /mo
10 Beds
6 Baths
4,783 Sqft Lot
$ 1,400,000
Est. payment | /mo
10 Beds
6 Baths
4,783 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25094056
Bedrooms 10
HOA Y/N No
Lot Size 4,783 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Built in 1958, this well-maintained multifamily property offers a desirable unit mix of two 2-bedroom/1-bath and two 3-bedroom/2-bath units, on a 4,783 SF lot zoned LCR4*. With low operating expenses and easy management, this asset presents a strong investment opportunity at a 10.04 GRM and a 7.84% cap rate, based on the current monthly rental income of $11,620. An upcoming 4% rent increase offers additional upside potential.** Ideally located just 1.9 miles from USC and East Los Angeles College, and approximately 2.2 miles from the Soto Metro Station, the property benefits from both tenant demand and excellent transit accessibility.
Built in 1958, this well-maintained multifamily property offers a desirable unit mix of two 2-bedroom/1-bath and two 3-bedroom/2-bath units, on a 4,783 SF lot zoned LCR4*. With low operating expenses and easy management, this asset presents a strong investment opportunity at a 10.04 GRM and a 7.84% cap rate, based on the current monthly rental income of $11,620. An upcoming 4% rent increase offers additional upside potential.** Ideally located just 1.9 miles from USC and East Los Angeles College, and approximately 2.2 miles from the Soto Metro Station, the property benefits from both tenant demand and excellent transit accessibility.
Built in 1958, this well-maintained multifamily property offers a desirable unit mix of two 2-bedroom/1-bath and two 3-bedroom/2-bath units, on a 4,783 SF lot zoned LCR4*. With low operating expenses and easy management, this asset presents a strong investment opportunity at a 10.04 GRM and a 7.84% cap rate, based on the current monthly rental income of $11,620. An upcoming 4% rent increase offers additional upside potential.** Ideally located just 1.9 miles from USC and East Los Angeles College, and approximately 2.2 miles from the Soto Metro Station, the property benefits from both tenant demand and excellent transit accessibility.
Location
State CA
County Los Angeles
Area Los Angeles (90063)
Zoning Assessor
Building
Lot Description Curbs, Sidewalks
Story 2
Lot Size Range 4000-7499 SF
Level or Stories 2 Story
Others
Monthly Total Fees $82
Acceptable Financing Cash
Space Rent $2,320
Listing Terms Cash
Listed by Evelyn Baez Gonzalez • Lyon Stahl Investment Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "