Multi-Family Investor Opportunity in Historic Filipinotown (HiFi)! Introducing a rare 8-unit multi-family residential investment opportunity in the heart of Historic Filipinotown—a trendy, up-and-coming area perfectly positioned between the highly sought-after neighborhoods of Silverlake and Echo Park. Built in 1958, the property features eight 2-bedroom, 1-bath units and 7 on-site allocated… Read More parking spaces. With 5 units delivered vacant, investors have an excellent opportunity to implement upgrades that can drive higher market rents and enhance tenant appeal among young professionals, industry experts, and artists that are drawn to this area. Benefit from an easy-to-operate asset with strong cash flow potential and long-term rental appreciation. For a detailed breakdown of revenue, expenses, NOI, and cap rate, please schedule a tour or contact us for a comprehensive financial summary. Read Less
Property listed by Lee & Associates Los Angeles, Melanie Guillen 323-702-3850
Listing Snapshot
Days Online
104
Last Updated
Property Type
Mixed Use
Lot Size
0.15 Acres
Year Built
1958
MLS Number
DW25026621
30 Days Snapshot Of 90026
$1.55M
-7%
(avg) sold price
22
+57%
homes sold
57
-3%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1958, Building area total: 4,714, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
DogPark, Hiking, Urban
Cooling
None
Expenses
Insurance expense: $3,810, New taxes expense: $22,800, Operating expense: $56,813, Trash expense: $4,257, Water sewer expense: $2,426, Other expense: $2,400
Fence
WroughtIron
Fireplaces
None
Floors
Tile
Heating
WallFurnace
Income
Gross income: $240,000, Net operating income: $183,187
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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