Five-Unit Apartment on a Large 9,302-SF Lot Located in the Rapidly Gentrifying & Revitalized Neighborhood of Los Angeles 10.31% Pro-Forma Cap Rate & 7.01 Pro-Forma GRM 6.61% Current Cap Rate & 9.56… Read More Current GRM Unit Mix of (One) 3-Bedroom/1-Bathroom House and (Four) 2-Bedroom/1-Bathroom Units Rare LAR3 TOC Tier 3 Zoning - Build Up to 20 Units* TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit Tremendous Value-Add Opportunity - Approximately 36% in Rental Upside Located 3 Miles from SoFi Stadium, Youtube Theatre, The Forum & Intuit Dome (NBA Clippers Arena) One Unit Delivered Vacant Gated Building with 5 Parking Spaces Offered at $195,000 Per Unit & $278 Per SF Read Less
Property listed by Shield CRE, Inc., Jonathan Nikfarjam 310-593-9869
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Beds
11
Square Ft.
3,505
Lot Size
0.21 Acres
Year Built
1924
MLS Number
25541557
30 Days Snapshot Of 90044
$647k
-7%
(avg) sold price
14
-33%
homes sold
109
-5%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1924, Building area total: 3,505, Levels: One, Two, Living area: 3505, 1 story, 2 buildings
Income
Gross income: $101,952, Net operating income: $64,402
Lot
0.2135 acres, 9,302 square feet, Size: 9,302
Parking
5 totals parking, Assigned, Garage, Uncovered
Property
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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