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$ 1,950,000
Est. payment | /mo
8 Beds
3,452 SqFt
$ 1,950,000
Est. payment | /mo
8 Beds
3,452 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,452 sqft
Price per Sqft $564
MLS Listing ID CRSR24253114
Bedrooms 8
HOA Y/N No
Year Built 1947
Lot Size 7,497 Sqft
Acres 0.17
Property Sub-Type OTHER
Property Description
Price slashed! Now a 5.6% cap rate with potential for additional growth. Value-Add opportunity! Renovated four-unit property with RTI's for two additional units! Each of the four units features 2 bedrooms and 1 bath. Every unit has undergone a comprehensive overhaul, boasting new plumbing, electrical systems, state-of-the-art heating & A/C, along with tankless water heaters, NEW doors, windows, and flooring. They all have in-unit washer and dryer, dishwasher, stove, oven, microwave and refrigerator. The property provides off-street parking and separately metered gas and electricity for each unit. The included plans are for two additional units in the rear of the property, with a 1+1 and a 2+1. There is a garage structure on property but currently unused. Modify, scrape and build more units, convert to functional garage for additional income, plenty of possibilities and space to grow! Current rents already provide solid returns, there's no need for lengthy adjustments. Seize this opportunity to own a prime piece of real estate!
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Cooling Other
Flooring Laminate
Fireplace No
Appliance Tankless Water Heater
Laundry Dryer, Washer
Exterior
Exterior Feature Other
Utilities Available Sewer Connected
View Y/N true
View Other
Building
New Construction No
Others
Tax ID 5065010025
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Listed by Jill Fischer-Politz • The ONE Luxury Properties