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Listed by Chris Keramati • Triqor Group
$ 3,200,000
Est. payment | /mo
10,550 SqFt
$ 3,200,000
Est. payment | /mo
10,550 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 10,550 sqft
Price per Sqft $303
MLS Listing ID PW-25043403
Year Built 1963
Lot Size 0.460 Acres
Property Sub-Type Apartment
Property Description
We are pleased to present Clara Street Apartments a 13-unit apartment community covering 0.5 Acres. The property features all 2-bedroom and 3-bedroom units with copper plumbing, gas heating, gas cooking, and ceiling fans. Many units have been updated with vinyl wood flooring, quartz countertops, and dual-pane windows. The complex offers a secured parking ratio of over 1.5:1, on-site laundry facilities, and is master-metered for gas, electricity, and water, providing an opportunity to implement RUBS (Ratio Utility Billing System) for additional income. With an estimated 6% cap rate based on current income, this property presents a strong investment opportunity.
Location
State CA
County Los Angeles
Zoning CUR3*
Interior
Laundry Common Area
Exterior
Parking Features Gated
Pool None
Community Features Sidewalks
Building
Lot Description Irregular Lot
Sewer Public Sewer