We are proud to present 8715 Regina Ct, an attractively priced 6-unit multifamily property in Los Angeles, offered at a 9.31% CAP and 7.37 GRM upon lease up on the vacant units, with upside potential to achieve an 10.45% CAP and 6.62 GRM upon stabilization. Located just south of Manchester… Read More Ave and east of Hoover St, abutting the Algin Sutton Recreation center, this property offers excellent access with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles, Inglewood, Lennox, Gardena and Crenshaw. The property is comprised of three separate buildings, a two-story front structure, a single-story ADU, and a single-story rear building offering a total of 4,085 rentable square feet. Built in 1905, the property sits on a sizable 5,802 SF LARD2-zoned corner lot with street access on both sides. The unit mix features one three-bedroom unit, four two-bedroom units, and one one-bedroom unit with 3 units delivered VACANT at closing, presenting an immediate opportunity for stabilization at market rents. Five out of six units have been renovated including the four vacant units. Contact the listing broker for additional details. Read Less
Listing Snapshot
Days Online
62
Last Updated
Property Type
Other
Beds
12
Square Ft.
4,085
Lot Size
0.13 Acres
Year Built
1905
MLS Number
25538341
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 1905, Building area total: 4,085, Levels: MultiSplit, Living area: 4085, 3 buildings
Income
Gross income: $159,338, Net operating income: $109,386
Lot
0.1332 acres, 5,802 square feet, Size: 5,802
Parking
2 open parking spaces, 2 totals parking, Driveway
Property
Zoning: LARD2
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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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