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Listed by Anie Mayelian • Keller Williams Realty Calabasas
$ 1,675,000
Est. payment | /mo
5,269 Sqft Lot
$ 1,675,000
Est. payment | /mo
5,269 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25102593
Year Built 1965
Lot Size 5,269 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
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 realize monthly rental income of $3,400 for that unit! Outstanding annual income of appx. $132,948, GRM of 12.6, and cap rate of 5.8% 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.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Interior
Laundry Other, Washer/Dryer - Owned, Community Facility
Exterior
Parking Features Uncovered Parking
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 5063007081
Special Listing Condition Not Applicable
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Drew Reid
REALTOR® | Lic# 01332884