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Key Details
Sold Price $2,650,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 7,997 sqft
Price per Sqft $331
MLS Listing ID 19-529836
Sold Date 11/12/20
Bedrooms 15
Year Built 1908
Lot Size 0.389 Acres
Property Sub-Type Multi-Family
Property Description
The property boasts a phenomenal unit mix of 7 studios, 7 one bedroom/one bath units, and one 1+1 single family home. Common area amenities include an oversized parking lot, laundry room, and an abundance of open landscaped common area. A prime location and true value add deal is being offered at $3,450,000. Currently a 4.67% cap rate and a GRM of 14.65 with a pro forma cap rate of 6.92% and a GRM of 10.85. Three units will be delivered vacant including a private single family home. The rental income is approximately 35% below fair market value.
Location
State CA
County Los Angeles
Area Highland Park
Zoning LARD1.5
Rooms
Other Rooms None
Interior
Heating Other
Cooling None
Equipment Other
Exterior
Parking Features Oversized
Garage Spaces 10.0
Building
Story 2
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with KW Advisors