Description
4-unit turn-key property with 3/4 units that will be delivered vacant and
rent ready. updated electrical and new copper
plumbing. the building features one 2-bed/1-bath
unit and three 1-bed/1-bath units, with 3 of the 4
units delivered vacant by close, offering a prime opportunity
for an investor or owner-occupier.
4 uncovered parking spaces in the rear can be
converted to two stacked adus. with this addition,
the cap rate jumps from an already attractive
7.29% to an impressive 12.63%, offering substantial
returns.
for investors, this is a cash cow with the ability to
stabilize and generate significant cash flow. for
owner-users, it’s a perfect opportunity to occupy
one unit, have two units cover your mortgage, and
enjoy pure profit from the fourth unit. don’t miss this
rare chance to maximize value in a sought-after
area!
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
47942080
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
-
Exterior Features
Building Information
- Year Built: 1930
- Building Area Total: 2,292
Pool Features
- None
Laundry Features
- Inside
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1145
- Lot Size Source: Assessor
- Lot Size Square Feet: 4989
-
Listing Information
Listing Price Information
- Original List Price: 939,000
- Listing Contract Date: 2024-12-04
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C42 - Downtown L.A.
- Directions: Off Hooper and Vernon
- Source Property Type: Residential Income
- Area: C42 - Downtown L.A.
- Property SubType: Quadruplex
Building and Construction
- Property Age: 94
- Common Walls: No Common Walls
- Structure Type: Quadruplex
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: Front
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BuyOwner last updated this listing 12/25/2024 @ 15:07
- MLS: SB24244146
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 5 bedrooms which is for sale, it has 2,292 sqft, 4,989 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90011, this Los Angeles County Home are nearby neighborhoods.