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Listing ID 19469180
Price$1,799,000
SqFt 5,826
Acres 0.193
Status Pending
County Los Angeles
Year Built 1929
Property Type Rental Income
BUYER DIDN'T PERFORM, PERFECT SECOND CHANCE OPPORTUNITY IN PRIME MID-CITY! TROPHY SPANISH 4-PLEX IN BEAUTIFULLY REMODELED CONDITION. Well-maintained Spanish 4-Plex w/ great rents, further upside potential, and character details galore. 2 of 4 units are remodeled. 5,826sq. ft. interior on a spacious 8,400sf lot. Units are a mix of 2 and 3 bedroom units. Western two units fully renovated in 2017, and eastern 2 units have classic original details. Hardwood floors, new recessed LED lighting, tankless hot water heaters, new low-e vinyl windows, fully remodeled kitchens with quartz counters and stainless appliances, remodeled bathrooms, walk-in showers and new vanities. Stated rents are accurate. 2 Units are at market rent, and other 2 units have long-term stable tenants (Under market. Value-add opportunity. Original condition.). Building currently has cap rate of 5.15% (with further upside!) and GRM of 14.7. SEE DOCS MANAGER for rent roll. RARE OPPORTUNITY FOR STRONG 4-PLEX IN TRENDY AREA.
Listing courtesy of Rachel Hsieh (01913428) from Keller Williams Realty Los Feliz.
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Contact - Listing ID 19469180

Brett Lawyer

250 N Canon Drive
Beverly Hills, CA 90210
Phone: 3108585402

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