Four Single-Story Units on a Large 9,299-SF Lot Residential Asset - Perfect Owner-User Opportunity Located in the Rapidly Gentrifying & Revitalized Neighborhood of Los Angeles 5.90% Current Cap Rate & 11.34 Current GRM… Read More 8.68% Pro-Forma Cap Rate & 8.55 Pro-Forma GRM Unit Mix of (Two) 4-Bedroom/2-Bathroom Units and (Two) 1-Bedroom/1-Bathroom Units Rare LAR3 TOC Tier 3 Zoning - Build Up to 20 Units* TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit Tremendous Value-Add Opportunity - Approximately 33% in Rental Upside Located 3 Miles from SoFi Stadium, Youtube Theatre, The Forum & Intuit Dome (NBA Clippers Arena) Qualifies for Residential Financing Read Less
Listing Snapshot
Days Online
62
Last Updated
Property Type
Other
Beds
10
Square Ft.
3,990
Lot Size
0.21 Acres
Year Built
1923
MLS Number
25538251
30 Days Snapshot Of 90044
$653k
+2%
(avg) sold price
9
-47%
homes sold
71
-34%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1923, Building area total: 3,990, Levels: One, Living area: 3990, 1 story, 3 buildings
Income
Gross income: $85,128, Net operating income: $56,924
Lot
0.2135 acres, 9,299 square feet, Size: 9,299
Parking
OnStreet
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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