We are proud to present a cash flowing 4 unit building north of the 10 freeway in Mid City / West Adams! Each unit is spacious and consists of 3 bedrooms and 2 baths. One 3 bedroom / 2 bath unit will be delivered VACANT and a buyer can immediately… Read More realize monthly rental income of $3,400 for that unit! Outstanding annual income of appx. $132,948, GRM of 13.2, and cap rate of 5.1% when vacant unit is rented! 3 of the 4 units have in-unit washer/dryers and there is also a community laundry room for tenants' convenience. Capital improvements include a new roof in 2017 and interior remodeling of 3 units (including the vacant unit) with new kitchens, bathrooms, and flooring. Separately metered for gas and electric and building includes 4 uncovered parking spaces in a back parking lot. Situated in a bustling and highly desired rental market, the building is centrally located minutes away from the LACMA, La Brea Tar Pits, Petersen Museum, and a short drive from Culver City, Beverly Hills, and Downtown LA. Read Less
Property listed by Keller Williams Realty Calabasas, Anie Mayelian 818-915-9118
Listing Snapshot
Days Online
16
Last Updated
Property Type
Quadruplex
Lot Size
0.12 Acres
Year Built
1965
MLS Number
SR25102593
30 Days Snapshot Of 90016
$590k
-27%
(avg) sold price
6
-45%
homes sold
95
+17%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1965, Building area total: 4,712, 1 building, Architectural style: , Attached, Common walls: OneCommonWall
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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