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$899,000
Est. payment /mo
2,500 Sqft Lot
UPDATED:
12/28/2024 02:24 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24240319
HOA Y/N No
Year Built 1955
Lot Size 2,500 Sqft
Property Description
Priced to sell, this charming 4-unit complex in Park Mesa Heights will be delivered VACANT! This investment offers an excellent opportunity with a strong 9.5 GRM and a 9% CAP Rate based on current market rental values/actuals. The property includes three one-bedroom units with separate kitchens and one bachelor unit, providing reliable cash flow. Various recent upgrades to these units including exterior and interior enhance the property's appeal, while three out of the four units come with designated parking spaces. Very rare to have all units delivered vacant allowing for maximum rental value. This property offers low operating costs, easy self-management, and significant upside potential. The area is undergoing continuous redevelopment, and with a total annual income close to 100K based on current Performa rents, this property presents a solid investment with great future growth.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAC2
Interior
Fireplace No
Laundry None
Exterior
Parking Features Assigned
Pool None
Community Features Urban
Private Pool No
Building
Lot Description Paved
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4005025004
Acceptable Financing Cash, Conventional, Submit
Listing Terms Cash, Conventional, Submit
Special Listing Condition Standard
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Listed by Tom Royds • Redfin Corporation • 310-738-1125