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$1,550,000
Est. payment /mo
4,660 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,660 sqft
Price per Sqft $332
MLS Listing ID CL25486731
HOA Y/N No
Year Built 1912
Lot Size 4,888 Sqft
Acres 0.11
Property Sub-Type Other
Property Description
LARGE PRICE ADJUSTMENT! BRING ALL OFFERS! Rare opportunity to buy a building with 5 of 9 units delivered VACANT, giving a Buyer endless rental possibilities to hand pick their own tenants and generate substantial Day 1 cashflow! 2 of the 4 occupied units have been remodeled and are getting Section 8 market voucher rents! Only $172,222 per unit for a top-heavy unit mix with (3) 2 Bed/1 Bath, (4) 1 Bed/1 Bath, and (2) Studio units. Of the 5 vacancies, 2 of them are remodeled and Section 8 move-in-ready, with the other 3 ready for a Buyer to renovate to their preference! In addition to 4 renovated units, the building has undergone remodeled hallways & common areas, electrical repairs, and all 9A work (i.e. EQ shut off valves, carbon and smoke monoxide detectors, water heater strapping and low flush toilets) has been completed. The property is separately metered for gas & electricity, and, with no on-site laundry room, common area utilities will remain low to help sustain a great NOI. Tenants are just a close 2 miles away from the evolving Exposition Park that now features The Lucas Museum of Narrative Art to go along with BMO Stadium, LA Coliseum, California Science Center & Natural History Museum, and USC's campus.
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Heating Wall Furnace
Fireplace No
Laundry No Hookups
Building
New Construction No
Others
Tax ID 5101013021
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Listed by Jonathan Rawson • Avenue Realty Group
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