7050 Waring Ave, a charming 8-unit apartment building located in the highly desirable La Brea neighborhood of Los Angeles, California. Built in1966, the property consists of (4) two-bedroom + two-bathroom units and (4) three-bedroom + two-bathroom units. The building is 9,728 gross square feet and sits on a 8,157 square… Read More foot lot.Nestled in the heart of the La Brea area, 7050 Waring Ave offers residents a vibrant Los Angeles lifestyle surrounded by renowned dining, shopping, and cultural destinations. Just minutes from MelroseAvenue and The Grove, this property places tenants in one of LA's most dynamic and centrally located neighborhoods.With a Walk Score of 96, residents enjoy easy access to trendy cafes, popular restaurants, boutique shopping, and nightlife hot spots, as well as nearby destinations like Griffith Park and Sunset Boulevard.7050 Waring Ave also presents a compelling value-add investment opportunity, offering both an exceptional location and notable rental upside. The property currently delivers an initial CAP rate of 6.07%, with the potential to reach a 7.70% CAP rate upon unit turnover. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Michael Kamara 310-425-9838
Listing Snapshot
Days Online
35
Last Updated
Beds
20
Square Ft.
9,728
Lot Size
0.19 Acres
Year Built
1966
MLS Number
26831155
Additional Details
Building
Built in 1966, Living area: 9728.0, 1 building, 2 stories, Levels: MultiSplit
Cooling
None
Heating
None
Income
Gross Income: $277,060, Net Operating Income: $175,798
Lot
0.1873 acres
Parking
15 total parking spaces, Carport
Taxes
Parcel Number: 5525008025, Zoning: LAR3
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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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