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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,199,900

Est. payment - /mo

6,329 Sqft Lot

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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Coming Soon

Purchase Type For Sale

MLS Listing ID DW26202192

HOA Y/N No

Year Built 1929

Lot Size 6,329 Sqft

Property Sub-Type Apartment

Property Description

Rare 6-unit Spanish-style courtyard building in Leimert Park. Nearly 85% rent upside, current gross income $84,516/yr vs. $156,000/yr at market. One 2BD/1BA unit will be delivered with no tenant in place at close. Updated electrical panels, copper plumbing, several units renovated with granite counters and new flooring. 4 detached garages, 2 available for the next owner to lease separately. Owned coin laundry on-site. Cap rate approximately 5.1% in-place, approximately 11.1% at full market rents. Walking distance to Leimert Park Village. Subject to LA Rent Stabilization Ordinance; buyer to verify all aspects of the property.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Rooms

Other Rooms Second Garage

Interior

Cooling None

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 2.0

Carport Spaces 2

Garage Description 2.0

Fence Chain Link, Wrought Iron

Pool None

Community Features Sidewalks

Utilities Available Natural Gas Connected, Sewer Connected, Water Connected

View Y/N No

View None

Roof Type Flat,Flat Tile,Mixed

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Foundation Raised

Sewer Public Sewer

Water Public

Architectural Style Spanish

Level or Stories Two

Additional Building Second Garage

New Construction No

Others

Senior Community No

Tax ID 5023014005

Security Features Closed Circuit Camera(s)

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

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Listed by Carlos Munoz Century 21 A Better Service 562-842-6557, DRE #01408987

NEARBY SCHOOL & BUSINESS

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4237 8th AVE Los Angeles, CA 90008