Huge ~600k Price Reduction! Once in a lifetime 100% Fully Renovated 7-unit apartment building with permits cash flowing at an amazing Current 7.75% Cap Rate and 9.7 GRM from day 1! Fully Approved RTI plans to add 6 detached ADUs to achieve a remarkable 10.8% Cap Rate and 7.2 GRM… Read More after taking into account all constructions costs (~566k assuming $250/SF). All 7 units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, HVAC systems as well as major exterior capital improvements. Diverse unit mix of 4 (1bed/1bath) units, 2 (2bed/1bath) units, and 1 spacious brand-new (3bed/2bath) unit. Additionally, the major systems have been updated including electrical, plumbing, windows, etc. Individually Metered for Gas & Electricity. Large 7,084 SF R3-1 Lot TOC Tier 2 with future development potential. Excellent Westlake location just steps away from the trendy Echo Park, FilipinoTown, DTLA, and Koreatown. Read Less
Property listed by KW Westside Estates, Alex 'Zan' Sacker 310-259-7556
Listing Snapshot
Days Online
28
Last Updated
Beds
11
Square Ft.
4,444
Lot Size
0.16 Acres
Year Built
1953
MLS Number
26658625
Additional Details
Building
Built in 1953, Living area: 4444.0, 2 buildings, Building faces West, 2 stories, Levels: MultiSplit
Cooling
CentralAir
Floors
Laminate
Heating
Central
Income
Gross Income: $249,431, Net Operating Income: $186,775
Lot
0.1627 acres
Parking
3 total parking spaces
Property
CityLights
Taxes
Parcel Number: 5153026006, Zoning: LAR3
Tenant Pays
Electricity, Gas, TrashCollection, Water
Find The Perfect Home
'VIP' Listing Search
Join our email list to have access to the best off market listings in Los Angeles.
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
Michael Harby
or message me directly
Find My Dream Home
Put an experts eye on your home search! You’ll receive personalized matches of results delivered direct to you.
Import This Listing
Import Completed
To view your listing, click one of the options below.
