Once in a lifetime 100% Fully Renovated & 100% Fully Occupied 7-unit apartment building with permits cash flowing at an amazing 6% Cap Rate and 12 GRM from day 1! Additionally, there are nearly RTI plans to add 2 detached ADUs to achieve a remarkable 8% Cap Rate and 9.6… Read More GRM on proforma. All 7 units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, HVAC systems as well as major exterior capital improvements. Diverse unit mix of 4 (1bed/1bath) units, 2 (2bed/1bath) units, and 1 spacious brand-new (3bed/2bath) unit. Additionally, the major systems have been updated including electrical, plumbing, windows, etc. Individually Metered for Gas & Electricity. Large 7,084 SF R3-1 Lot TOC Tier 2 with future development potential. Excellent Westlake location just steps away from the trendy Echo Park, FilipinoTown, DTLA, and Koreatown. Read Less
Property listed by KW SELA, Alex 'Zan' Sacker 562-334-1500
Listing Snapshot
Days Online
116
Last Updated
Property Type
Other
Beds
11
Square Ft.
4,444
Lot Size
0.16 Acres
Year Built
1953
MLS Number
25482313
30 Days Snapshot Of 90017
$579k
-3%
(avg) sold price
5
+150%
homes sold
152
+181%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1953, Building area total: 4,444, Levels: MultiSplit, Living area: 4444, 2 buildings, Architectural style: Contemporary
Cooling
CentralAir
Floors
Laminate
Heating
Central
Income
Gross income: $242,601, Net operating income: $181,554
Lot
0.1627 acres, 7,086 square feet, Size: 7,086
Parking
3 totals parking
Property
Zoning: LAR3, CityLights
Tenant Pays
Electricity, Gas, TrashCollection, Water
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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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