Huge ~500k Price Reduction! Once in a lifetime 100% Fully Renovated 14-unit apartment building cash flowing at an amazing 6.5% Cap Rate from day 1! Plans to add 8 detached ADUs to achieve a remarkable 9.1% Cap Rate after taking into account all construction costs (~775k assuming $300/SF). All 14… Read More units have been completely vacated and remodeled, boasting a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, HVAC systems as well as major exterior capital improvements. Diverse unit mix of 8 (1bed/1bath) units, and 4 (2bed/1bath) units. Additionally, the major systems have been updated, including electrical, plumbing, windows, etc. Individually Metered for Gas & Electricity. Large 8,283 SF R4-1 Lot TOC Tier 2 with future development potential. This property is located in the trendy & historic Filipino Town just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area. Read Less
Courtesy of Global Platinum Properties, Inc. 424-394-1030
Listing Snapshot
Days Online
5
Last Updated
Property Type
Other
Beds
18
Square Ft.
6,874
Lot Size
0.19 Acres
Year Built
1950
MLS Number
26783621
30 Days Snapshot Of 90057
$325k
0%
(avg) sold price
0
-100%
homes sold
112
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
6,874 sq ft, Built in 1950, Levels: Two
Cooling
Ceiling Fan
Disclosures
None
Garage
Gated
Heating
Wall
Lot
LotAcreage: 0.1902, LotSizeArea: 8,286
Parking
TotalParking: 6
Property
NumberOfUnits: 14, Zoning: LAR4
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