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$ 2,100,000
Est. payment | /mo
15 Beds
14 Baths
6,830 SqFt
$ 2,100,000
Est. payment | /mo
15 Beds
14 Baths
6,830 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,830 sqft
Price per Sqft $307
MLS Listing ID 25619125
Bedrooms 15
HOA Y/N No
Year Built 1964
Property Description
First time on the market in 36 years! This 9-unit property presents an incredible opportunity to add value to a very desirable asset in a premium location. Built in 1964, the structure totals 6,830 SF situated on a 7,105 SF lot. The unit mix consists of (1) 3Bed/2Bath, (2) 2Bed/2Bath, (2) 2Bed/1Bath and (4) 1Bed/1Bath units. There are 10 parking spaces. The property has been professionally managed for years and offers 60% rental upside. The Pro Forma Cap Rate is 8.77% and Pro Forma GRM is 7.35.The asking price for this asset is $2,100,000 which represents pricing indicators of 3.85% Cap Rate, 11.73 GRM, $233,333 Per Unit and $307.47 Per SF.
Location
State CA
County Los Angeles
Area C13 - Palms - Mar Vista
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Disposal
Exterior
Parking Features Attached Carport
Total Parking Spaces 9
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4236017030
Special Listing Condition Standard
Listed by Keith Moret Lyon Stahl Investment Real Estate, Inc.
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