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$ 1,425,000
Est. payment | /mo
16 Beds
9 Baths
5,874 SqFt
$ 1,425,000
Est. payment | /mo
16 Beds
9 Baths
5,874 SqFt
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
Listed by Jonathan Nikfarjam Shield CRE, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "