Incredible opportunity in a prime Los Feliz adjacent location. Large property of close to 12,000 SF of land, offers many opportunities. There are currently 8 units spread over 3 bungalow style structures with 8 on site parking spaces. With a current cap rate of 5.89% and approximately 42% upside in… Read More existing rents, offering a cap rate of 9.4% at market rents. The large lot has potential for up to 6 ADUs or more, which would raise the cap rate to above 10%! Tenants pay their own trash, keeping expenses low. The large lot, zoned LAR3 also offers potential for ground up development. Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
29
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,532
Lot Size
0.27 Acres
Year Built
1924
MLS Number
25539067
30 Days Snapshot Of 90027
$3.27M
+32%
(avg) sold price
9
-35%
homes sold
74
+60%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Garbage Disposal
Building
5,532 sq ft, Built in 1924, Levels: Two, Attached
Cooling
None
Disclosures
As Is, LA/Owner Related, Rent Control
Garage
Driveway
Heating
Wall Gas
Lot
LotAcreage: 0.2667, LotSizeArea: 11,616
Parking
TotalParking: 8
Property
NumberOfUnits: 8, ViewDescription: Mountains, City, ViewYN: 1, Zoning: LAR3-1
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