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$1,998,000
Est. payment /mo
6 Beds
6 Baths
6,900 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,900 sqft
Price per Sqft $289
MLS Listing ID 26991617
Bedrooms 6
HOA Y/N No
Year Built 1941
Lot Size 0.275 Acres
Property Description
THIS PROPERTY SALE INCLUDED 2 APNS: 5154-024-001 & 5154-024-002. Prime Development opportunity with a double lot totaling 12,200 SF of land and 6,900 SF across two buildings, totaling 9 current units. Can develop approximately 50 residential units. see attached. Perfect Investment Opportunity for First Time Investors, 1031 Exchange or Ideal Addition to Existing Investment Portfolio. Prime Development Opportunity- Double Lot Totaling 12,002 SF across Two Buildings, 6,900 SF Interior Space, 9 Rental Units, Remodeled & Maintained(3)Exceptionally Rare Development Up-to 50 Residential Unit, Including Micro-Units. Attractive & Strong Current Passive Income = $14,134/mon. Presently, All Tenants are Current on Rents !! There is a 2 unit Vacancy, so there is immediate potential for more rent/income!! Located in Highly/Densely populated Westlake Community; Strong Rental Demand, Mins to Dwntwn Los Angeles, Hollywood, Silver Lake, Korea Town, Beverly Hills & Major LA & World Attractions. High Cap Rate nearly 6.61% (Actual) / 9.54% (Pro-Forma). Great Rental Income Upside / Sellers Highly Motivated. ALL DEVELOPMENT INFORMATION PROVIDED SHOULD NOT BE RELIED ON AND BUYER TO CONDUCT THEIR OWN DUE DILIGENCE.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR4
Interior
Fireplace No
Exterior
Parking Features Private, One Space
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5154024001
Special Listing Condition Standard
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Listed by Charles Le Beverly Hills Fabulous Estates Inc. #01261943
Nearby Locations
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