Address
Not Disclosed Los Angeles, CA
Price
$ 1,399,000
Property Attributes
  • MLS#21710408
  • TypePending
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaMid Los Angeles
  • Zip90016
  • StyleBungalow
  • Price$ 1,399,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Lot Size6,970 SqFt
Listing Provided Courtesy Of:
Roberto Perez with Superior Service
Data Source:
CLAW
Property Description

Great area near Culver City. Lot's of improvement and development in this West Adams neighborhood. These are 8 units, 4 duplexes in a Spanish Courtyard-Style setting. All are 1 bedroom 1 bath units with good paying and long term tenants. Lot's of upscale on the rents. I used ACTUAL figures for the financials but if I use SCHEDULED figures the Cap Rate is 6.8% and the GRM is 11.21. There have been upgrades to the plumbing and the electrical systems. Lowest price multi-unit property in this zip code of 90016. This can be considered a future development project. Great for your novice income property investor or for your 1031 Exchange buyers. The seller will perform a 1031 exchange at no cost to the buyer. All offers are subject to inspection. Please be respectful and DO NOT disturb the tenants. NO sign on property so the tenants are not aware of the sale. Email me your offer. Let's get it into escrow. ALL parties must follow CDC Covid-19 Guidelines.

Price History
3/25/2021 Listed $1,399,000

General Features

Architectural Style Bungalow
Construction Materials Stucco
Cooling None
Heating Wall Furnace
MLS Area C16 - Mid Los Angeles
Parking Features None
Pool Features None
Property Type Residential Income
Sewer Other
Spa Features None
Total Actual Rent 95808
Total Units 8
View None
Zoning LAR3

Interior Features

Fireplace Features None
Heating Y/N Yes
Laundry Features None

Exterior Features

Foundation Details Raised
Lot Size Acres 0.16
Lot Size Area 7208
Lot Size Square Feet 7208
Lot Size Units Square Feet
Number of Buildings 4

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90016

Price
AVG $990K
$1.4M
Visits
AVG 33
3
Year Built
AVG 1940
1925
Walkscore
AVG 75
82
Data Provided by Walkscore ® not using MLS data

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