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- MLS#SB20230919
- TypePending
- CountyLOS ANGELES
- CityLos Angeles
- Zip90006
- Style
- Price$ 1,200,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4277
- Lot Size6,290 SqFt
Listing Provided Courtesy Of:
Kelly Giery with Lyon Stahl Investment Real Estate, Inc..
Property Description
6 unit value-add building in the Pico-Union area of Los Angeles. This property has a fantastic unit mix consisting of (1) 3-Bed/2-Bath unit, (1) 2-Bed/1-Bath unit, and (4) 1-Bed/1-Bath units. The property has 6 parking garages that are conveniently located for tenants. The mandatory retrofit has been completed on the garages. The property is being delivered at a 4.19% Cap and a 13.89 GRM on current rents with upside potential of a Market 8.46% Cap and 8.62 GRM. This property is surrounded by new development and is the perfect asset for a value-add investor.
Price History | |
---|---|
11/2/2020 | Listed $1,200,000 |
General Features
Attached Structure | Detached |
---|---|
Co-Listing Agent Last Name | Cameron |
Co-Listing Agent Last Name | Samimi |
Co-Listing Agent State License # | 02035763 |
Co-listing Agent | Cameron Samimi - BRE#02035763 |
Community Features | Curbs, Sidewalks, Street Lights |
Directions | North of Venice Blvd. West of Vermont |
Garage Spaces | 6.00 |
Listagentaor | South Bay |
Listing Agent | Kelly Giery - BRE#02097805 |
Listing Agent State License | 02097805 |
MLS Area | 699 - Not Defined |
Pool Features | None |
Price Per Square Foot | 280.57 |
Sewer | Public Sewer |
Source System | CRMLS |
Special Listing Conditions | Standard |
Total Units | 6 |
Zoning | LARD1.5 |
Interior Features
1st Bedroom Area Unit Type | Square Feet |
---|---|
2nd Bedroom Area Unit Type | Square Feet |
3rd Bedroom Area Unit Type | Square Feet |
Common Walls | No Common Walls |
Laundry Features | Community |
Laundry Y/N | Yes |
Studio Area Unit Type | Square Feet |
Exterior Features
Building Area Total | 4277.00 |
---|---|
Lot Features | 0-1 Unit/Acre |
Lot Size Acres | 0.1444 |
Lot Size Area | 6289.0000 |
Lot Size Source | Assessor |
Lot Size Square Feet | 6289.00 |
Lot Size Units | Square Feet |
Number of Buildings | 1 |
Number of Separate Electric Meters | 6 |
Number of Separate Gas Meters | 6 |
Number of Separate Water Meters | 6 |
Total Parking | 6.00 |
Water Source | Public |
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