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$ 2,395,000
Est. payment | /mo
15 Beds
14 Baths
9,218 SqFt
$ 2,395,000
Est. payment | /mo
15 Beds
14 Baths
9,218 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,218 sqft
Price per Sqft $259
MLS Listing ID 25555455
Bedrooms 15
HOA Y/N No
Year Built 1958
Lot Size 0.261 Acres
Property Description
Well Maintained 14 Unit Building in Hyde Park area of Los Angeles very very Close to Light Rail and a few short Minutes to So Fi Stadium, Forum, View Park/ Windsor Hills Area and Many Other Great LA Areas. This Area has had an amazing Transformation in the last few years and now is Highly Sought After in the Income Property area due to its Proximity to all of the Recent Real Estate Developments, Stadiums and Events that are a " Stones Throw" away from this Area. The building has (14) Spacious 1 Bed / 1 Bath Units with Gated parking in the rear. Within the Last Few Years a Roof was Replaced, New Windows were installed and Other Upgrades inside a few Units. Potential Buyers Can realize an immediate 25% in Rental Income by Simply filling at least (3) Vacant units (2 are Rent Ready) , and there is (2) Other Potential Vacancies as well. The Cap Rate with the Actual Rents is 5.0% but can easily be 8.0%. Don't Miss a Chance to Gain " Cash Flow" on your Investment with This Property!
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAR3
Interior
Heating Wall Furnace
Fireplace No
Appliance Disposal
Exterior
Parking Features Carport
Total Parking Spaces 15
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4006006015
Special Listing Condition Standard
Listed by Martin Watkins • Watkins Realty & Investments
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”