8 bedroom house for sale
$1,375,000 - Los Angeles CA 90026Los Angeles CA 90026
8 bedroom house for sale
- Beds: 8
- Baths: 8
- Price: $1,375,000
- Reference No.: 73435648
- Area: 3,704 sqft
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Overview
This is an excellent opportunity to purchase a renovated, 8-unit multifamily asset adjacent to Downtown Los Angeles at the intersection of Historic Filipinotown, Echo Park and City West. The classic, two-story property features a well-maintained woodframe and stucco building with vintage, character architecture. The property includes a mix of one-bedroom and studio units. Six of the eight units have been fully remodeled and are achieving strong rents. The other two units are well below the current market rent and will allow for steady increases or a large increase in income when those units vacate. As an investment, the property is offered at an attractive going-in Cap Rate with over 25% remaining upside. The property was recently repainted with character accents throughout. The common area floors and light fixtures were all upgraded while preserving the character of the Property. The six renovated units feature newer, modern flooring, new paint, fully remodeled kitchens and bathrooms, and upgraded electrical. The property also features a spacious upstairs, outdoor terrace available to the tenants for their use. The property is separately metered for gas and electric and master metered for water. There are individual water heaters for each apartment, and there is also coin-operated laundry on-site. There is no on-site parking so the tenants utilize street parking.House Los Angeles
This House for sale is located at Los Angeles CA 90026. The home has 8 Bedroom and 8 Bathrooms. This 8 bedroom House in Los Angeles CA is for sale for $1,375,000 .
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2024-06-29, Viewed 0 times.
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-06-29, Viewed 0 times.
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