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Listed by Olga Wright • Lyon Stahl Investment Real Estate, Inc.
$ 2,497,000
Est. payment | /mo
7,598 SqFt
$ 2,497,000
Est. payment | /mo
7,598 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 7,598 sqft
Price per Sqft $328
MLS Listing ID CRSB25163549
HOA Y/N No
Year Built 1964
Lot Size 8,354 Sqft
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
Property Description
Beautiful Pride-of-Ownership Property in PRIME Location! Charming courtyard-style apartment complex with 6 spacious one-bedroom units, 2 two-bedroom units, and a long-term commercial tenant (successful chiropractic business) occupying 4 spaces facing 9th Street (lease secured through April 2030)... Extensively upgraded with a new roof, main drain, garage doors, exterior paint, and renovated units. Soft-story retrofit completed. Includes 7 private garages, additional on-site parking, and extra income from laundry and garage rentals. Offered at an attractive 11.9 GRM and 5.6% Cap Rate on current income, with significant rental upside.*** Qualifies for favorable multifamily financing - a turnkey investment opportunity! SEE SUPPLEMENTS FOR OFFERING MEMORANDUM AND RENT-ROLL
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
Water Public
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Vander Meulen Real Estate Group
Broker, REALTOR® | Lic# 00842213 | Lic# 02150745