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The Warburton Team Brokered By EXp

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

$3,950,000

Est. payment - /mo

10 Beds

9 Baths

6,532 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,532 sqft

Price per Sqft $604

MLS Listing ID 26986475

Bedrooms 10

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 2010

Lot Size 7,374 Sqft

Property Description

8-unit multifamily investment opportunity located in the highly coveted Pico-Robertson neighborhood of Los Angeles. Approximately 1.5 blocks from the Beverly Hills border and just reduced to $3,950,000. This asset presents a compelling blend of stable in-place income and significant upside as rents on the non-rent-controlled units continue to reposition to market. Four of the eight units are subject to rent control, providing stable income, while the remaining four are exempt, giving an investor unrestricted upside. ***All units are INDIVIDUALLY WATER-METERED so the tenants pay all of their own utilities, leaving ownership responsible only for trash, house electricity, and house water... a lean expense structure that supports strong in-place cash flow.

Location

State CA

County Los Angeles

Area C09 - Beverlywood Vicinity

Zoning LARD1.5

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Gas Range, Refrigerator, Dryer, Washer

Laundry Stacked

Exterior

Parking Features Assigned, Side By Side

Total Parking Spaces 9

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 4330025004

Security Features Fire Sprinkler System,Key Card Entry

Special Listing Condition Standard

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Listed by Sam Shakerchi Compass #01868195

NEARBY SCHOOL & BUSINESS

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1250 Edris DR Los Angeles, CA 90035