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$ 3,500,000
Est. payment | /mo
3 Beds
2 Baths
0.32 Acres Lot
$ 3,500,000
Est. payment | /mo
3 Beds
2 Baths
0.32 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID BB26231521
Bedrooms 3
Lot Size 0.316 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
A 15-unit Multifamily Located in Noho West With over 60% Upside on rent and currently operating at a 5% CAP Rate. the Property Boasts an Appealing Blend of Units (7 2bedrooms & 8 1bedrooms), All Surrounding a Stunning Courtyard. Each Unit Offers Spacious Living Areas and Private Balconies. The property currently collects $270K in rent with proforma rents reaching $427K, resulting in a Proforma GRM of 8.19 and Proforma CAP rate of 9.65%. Recent Capital Improvements include EQ Retrofitting, Main Panel Upgrades, new asphalt and Three Units with Complete Interior Renovations
Location
State CA
County Los Angeles
Zoning Assessor
Direction near whitsett
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 2324026005
Acceptable Financing Conventional
Listing Terms Conventional
Listed by David Nalbandyan, DRE#01869296 LA Premier Realty
Nearby Locations