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$965,000
Est. payment /mo
10 Beds
6 Baths
3,990 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,990 sqft
Price per Sqft $241
MLS Listing ID 25538251
Bedrooms 10
HOA Y/N No
Year Built 1923
Lot Size 9,300 Sqft
Property Description
Four Single-Story Units on a Large 9,299-SF Lot | Residential Asset - Perfect Owner-User Opportunity | Located in the Rapidly Gentrifying & Revitalized Neighborhood of Los Angeles | 5.56% Current Cap Rate & 11.34 Current GRM | 8.34% Pro-Forma Cap Rate & 8.55 Pro-Forma GRM | Unit Mix of (Two) 4-Bedroom/2-Bathroom Units and (Two) 1-Bedroom/1-Bathroom Units | Rare LAR3 TOC Tier 3 Zoning - Build Up to 20 Units* | TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit | Tremendous Value-Add Opportunity - Approximately 33% in Rental Upside | Located 3 Miles from SoFi Stadium, Youtube Theatre, The Forum & Intuit Dome (NBA Clippers Arena) | Qualifies for Residential Financing
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAR3
Interior
Fireplace No
Exterior
Parking Features On Street
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6032008010
Special Listing Condition Standard
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Listed by Jonathan Nikfarjam Shield CRE, Inc.