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… Read More 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. Read Less
Property listed by Big Block Platinum, Mark King 310-912-7515
Listing Snapshot
Days Online
34
Last Updated
Property Type
Other
Beds
4
Square Ft.
4,643
Lot Size
0.14 Acres
Year Built
1929
MLS Number
24448595
30 Days Snapshot Of 90016
$1,053k
+53%
(avg) sold price
15
+87%
homes sold
63
-55%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Dryer, Washer
Building
Built in 1929, Building area total: 4,643, Levels: Two, Living area: 4643, 2 stories, 1 building, Architectural style: Spanish
Cooling
WallWindowUnits
Floors
Wood
Garage
4 spaces
Heating
Central
Income
Gross income: $122,400, Net operating income: $118,000
Laundry
Stacked
Lot
0.1444 acres, 6,290 square feet, Size: 6,290
Parking
4 totals parking, Assigned
Property
Zoning: LARD1.5, CityLights
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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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