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$ 1,199,900
Est. payment | /mo
4 Beds
4 Baths
6,328 Sqft Lot
$ 1,199,900
Est. payment | /mo
4 Beds
4 Baths
6,328 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26202192
Bedrooms 4
Lot Size 6,328 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Rare 6-unit Spanish-style building in one of LA's most historic neighborhoods - Leimert Park. Nearly 85% rent upside, current gross income $84,516/yr vs. $156,000/yr at market. One 2BD/1BA unit is currently not occupied and available to live in and / or rent. Updated electrical panels, copper plumbing, several units renovated with granite counters and new flooring. 4 detached garages, 2 available for the next owner to lease separately. Owned coin laundry on-site. Cap rate approximately 5.1% in-place, approximately 11.1% at full market rents. Walking distance to the vibrant Leimert Park Village. Don't miss out.
Location
State CA
County Los Angeles
Zoning Assessor
Direction East of Crenshaw Blvd; West of Arlington Ave. South of Leimert Blvd; North of Vernon Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5023014005
Acceptable Financing Exchange
Listing Terms Exchange
Listed by Carlos Munoz, DRE#01408987 Century 21 A Better Service
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