$1,175,000
$1,200,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
4,643 SqFt
SOLD DATE : 11/25/2024
Key Details
Sold Price $1,175,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,643 sqft
Price per Sqft $253
MLS Listing ID 24-448595
Sold Date 11/25/24
Style Spanish
Bedrooms 4
Year Built 1929
Lot Size 6,290 Sqft
Acres 0.1444
Property Description
This prime 4 unit asset located in the iconic West Adams neighborhood of Los Angeles is available. With a potential cap rate of 9.8, buying this building is a no-brainer from an investment perspective. Currently three units are occupied and one unit will be delivered vacant. Each unit has washer and dryer hookups in the unit and each unit has its own garage space (total 4 garage spaces) making it easy to rent out to prospective tenants. When you own buildings like this there will not be a lot of turnover. The units are almost 1200 sq feet each, could easily be converted into two bedrooms which would yield even more rent and an even better cap rate. There is space in the back for additional parking or to build an ADU to further get additional rents. If you're looking for a great as-is or value add investment then you don't want to miss this one.
Location
State CA
County Los Angeles
Area Mid Los Angeles
Zoning LARD1.5
Rooms
Other Rooms Other
Interior
Heating Central
Cooling Wall Unit(s), Wall/Window, Window Unit(s)
Flooring Wood, Wood Under Carpet
Equipment Dishwasher, Dryer, Washer, Stackable W/D Hookup
Exterior
Garage Assigned, Garage - 4+ Car
Garage Spaces 4.0
View Y/N Yes
View City, City Lights
Building
Story 2
Water Public
Architectural Style Spanish
Level or Stories Two
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Jonathan Kohanoff