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$1,395,000
Est. payment /mo
5,375 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,375 sqft
Price per Sqft $259
MLS Listing ID CRSB25055044
HOA Y/N No
Year Built 1963
Lot Size 7,003 Sqft
Acres 0.16
Property Sub-Type Other
Property Description
This 7-unit multifamily apartment offers a compelling investment opportunity with strong cash flow and rental upside potential of approximately 44% +/-. Priced competitively at a 6.44% Cap Rate and 9.75 GRM, an investor can step into a performing asset while enacting a value-add strategy to capture the remaining upside. The property features a unit mix of (5) two bedroom units and (2) one bedroom units, all of which are individually metered for gas and electricity, and also feature laundry hookups! The area has traditionally been a strong rental market, and units are always in high demand.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Laundry Other
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 6020023010
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Listed by Josh Cohen • Keller Williams South Bay