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$ 1,000,000
Est. payment | /mo
10 Beds
10 Baths
4,620 SqFt
$ 1,000,000
Est. payment | /mo
10 Beds
10 Baths
4,620 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,620 sqft
Price per Sqft $216
MLS Listing ID 26641117
Bedrooms 10
HOA Y/N No
Year Built 1924
Lot Size 7,880 Sqft
Property Description
The subject property is a ten-unit apartment complex located in South Los Angeles. The structures were built in 1924 and contain 4,620 square feet. The site has 7,876 square feet of land and is zoned LAC2. The unit mix is 8 one-bedroom apartments and 2 singles. Currently, the units are producing $8,681 per month and $104,176 annually. At list, the GRM is 9.59 (with low in-place rents) and the Cost Per Unit is just $100,000. This is an excellent add-value opportunity for any investor
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAC2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Uncovered
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6006023004
Special Listing Condition Standard
Listed by Jerome McAlpin McAlpin & Company