20-unit Los Angeles multifamily opportunity featuring 2.69% interest-only assumable financing through December 2030. The property offers strong in-place income with an approx. cash on cash return above 6.7%, a 12.31 GRM and 4.49% cap rate, equating to approximately $262,500 per unit and $350 per square foot. Comprised entirely of one-bedroom,… Read More one-bath units, the asset is well positioned in a supply-constrained rental submarket with consistent demand. Built in 1964, the property provides operational scale and value-add potential through interior renovations. Favorable assumable financing enhances cash flow and reduces acquisition financing risk. Read Less
Courtesy of Miller & Desatnik Realty Co. 310-202-9166
Listing Snapshot
Days Online
0
Last Updated
Property Type
Other
Beds
20
Square Ft.
15,000
Lot Size
0.31 Acres
Year Built
1964
MLS Number
26653757
30 Days Snapshot Of 90036
$1.70M
-16%
(avg) sold price
4
0%
homes sold
38
-63%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Range/Oven, Refrigerator
Building
15,000 sq ft, Built in 1964, Levels: Multi/Split
Cooling
Ceiling Fan
Disclosures
None
Garage
None
Heating
Wall
Lot
LotAcreage: 0.3071, LotSizeArea: 13,377
Parking
TotalParking: 22
Property
NumberOfUnits: 20, Zoning: LARD1.5
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