Built in 1990, this gated four-unit multifamily property features an attractive townhouse-style unit mix consisting of two 2-bedroom, 2.5-bath units and two 3-bedroom, 2.5-bath units, averaging approximately 1,430 square feet each. Every unit offers a spacious open floor plan with a fireplace, large kitchen, private balcony, washer/dryer hookups, and a… Read More large attached two-car garage. Two units have also been updated with waterproof laminate flooring throughout the downstairs living areas and bathrooms. From an investor's perspective, the property offers strong in-place cash flow with significant upside potential. The asset is not subject to the City of Los Angeles Rent Stabilization Ordinance (RSO), allowing ownership to capture full market rent increases. Current operations generate approximately $74,779 in annual NOI, with projected stabilized NOI of approximately $106,927 at market rents. With its desirable large-unit mix, family-oriented amenities, and limited near-term capital expenditure requirements, this property presents an excellent investment opportunity. Read Less
Property listed by Matthews Real Estate Investment Services, Daniel Withers 310-259-7556
Listing Snapshot
Days Online
1
Last Updated
Beds
10
3/4 Baths
12
Square Ft.
5,721
Lot Size
0.14 Acres
Year Built
1990
MLS Number
26865459
Additional Details
Building
Built in 1990, Living area: 5721.0, 1 building, 3 stories, Levels: MultiSplit
Cooling
CentralAir
Floors
Laminate
Heating
Central
Income
Gross Income: $117,360, Net Operating Income: $74,780
Laundry
InGarage
Lot
0.1405 acres, Dimensions: 51x120
Parking
8 total parking spaces, Assigned, Concrete, OnStreet
Taxes
Parcel Number: 2231023004, 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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