20-unit Los Angeles multifamily opportunity featuring 2.69% interest-only assumable financing through December 2030. The property offers strong in-place income with an approx. cash on cash return above 6.7%, a 12.31 GRM and 4.49% cap rate, equating to approximately $262,500 per unit and $350 per square foot. Comprised entirely of one-bedroom,… Read More one-bath units, the asset is well positioned in a supply-constrained rental submarket with consistent demand. Built in 1964, the property provides operational scale and value-add potential through interior renovations. Favorable assumable financing enhances cash flow and reduces acquisition financing risk. Read Less
Property listed by Miller & Desatnik Realty Co., David Miller 310-259-7556
Listing Snapshot
Days Online
8
Last Updated
Beds
20
Square Ft.
15,000
Lot Size
0.31 Acres
Year Built
1964
MLS Number
26653757
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1964, Living area: 15000.0, 1 building, 2 stories, Levels: MultiSplit
Heating
WallFurnace
Income
Gross Income: $426,653, Net Operating Income: $235,808
Lot
0.3071 acres
Parking
22 total parking spaces, None
Taxes
Parcel Number: 5525018024, Zoning: LARD1.5
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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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