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$899,000
Est. payment /mo
3 Beds
2,312 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,312 sqft
Price per Sqft $388
MLS Listing ID CRSB24240319
Bedrooms 3
HOA Y/N No
Year Built 1955
Lot Size 2,499 Sqft
Acres 0.06
Property Sub-Type Quadruplex
Property Description
Priced to sell, this charming 4-unit complex in Park Mesa Heights! This investment offers an excellent opportunity with a strong 9.5 GRM and a 9% CAP Rate based on current market rental values/actuals. The property includes three one-bedroom units with separate kitchens and one bachelor unit, providing reliable cash flow. Various recent upgrades to these units including exterior and interior enhance the property's appeal, while three out of the four units come with designated parking spaces. Very rare to have all units delivered vacant allowing for maximum rental value. This property offers low operating costs, easy self-management, and significant upside potential. The area is undergoing continuous redevelopment, and with a total annual income close to 100K based on current Performa rents, this property presents a solid investment with great future growth.
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Fireplace No
Laundry No Hookups
Building
Lot Description Paved
New Construction No
Others
Tax ID 4005025004
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Listed by Tom Royds • Redfin Corporation