This 12-unit apartment building is comprised of three (3) 4-unit buildings, totaling 12 units. This 1920's style building, a charming and classic Los Angeles design, is a unique asset. Each unit has direct access to the outside courtyard. The units all face south, overlooking the Grand View Retirement Center. With… Read More MacArthur Park to the South and 3rd Street to the North, this multi-family property has a desirable Los Angeles location with walkability and endless amenities in proximity. This well-maintained asset is fully gated and secure, with street parking only, and is separately metered for gas and electric. Rents are currently below market, with excellent 33% upside. The current Cap Rate is 5.92% and current GRM is 10.57. Read Less
Property listed by David Ballin Kaufman, David Kaufman 310-877-8600
Listing Snapshot
Days Online
55
Last Updated
Property Type
Other
Beds
12
Square Ft.
6,336
Lot Size
0.16 Acres
Year Built
1923
MLS Number
24442513
30 Days Snapshot Of 90057
$524k
-28%
(avg) sold price
2
-33%
homes sold
40
-44%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1923, Building area total: 6,336, Levels: Two, Living area: 6336, 2 stories, 3 buildings
Community
Gated
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross income: $195,540, Net operating income: $123,565
Laundry
None
Lot
0.1574 acres, 6,857 square feet, Size: 6,857
Parking
None
Property
Zoning: LAR4
Security Features
GatedCommunity
Tenant Pays
Electricity, Gas
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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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