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$1,425,000
Est. payment /mo
16 Beds
9 Baths
5,874 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,874 sqft
Price per Sqft $242
MLS Listing ID 25561325
Bedrooms 16
HOA Y/N No
Year Built 1961
Lot Size 9,997 Sqft
Property Description
9-Unit Apartment on a Large 9,999-SF Lot | Located in the Rapidly Gentrifying & Revitalized Neighborhood of Los Angeles | 11.06% Pro-Forma Cap Rate & 6.67 Pro-Forma GRM | 5.86% Current Cap Rate & 10.38 Current GRM | Unit Mix of (One) 4-Bedroom/2-Bathroom House, (Four) 2-Bedroom/1-Bathroom Units & (Four) 1-Bedroom/1-Bathroom Units | Rare LAR3 TOC Tier 3 Zoning - Build Up to 22 Units* | TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit | Tremendous Value-Add Opportunity - Approximately 56% in Rental Upside | Located 5 Miles from SoFi Stadium & Intuit Dome (NBA Clippers Arena) & Approximately 5.5 Miles from Downtown Los Angeles & USC | One Unit Delivered Vacant | Offered at $158,333 Per Unit & $243 Per SF
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR3
Interior
Fireplace No
Exterior
Parking Features Driveway, Uncovered
Building
Story 2
Entry Level One,Two
Level or Stories One, Two
New Construction No
Others
Senior Community No
Tax ID 6048004007
Special Listing Condition Standard
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Listed by Jonathan Nikfarjam Shield CRE, Inc.
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Ivan Perez
Broker Associate | License ID: 01952891
Broker Associate License ID: 01952891