Huge ~600k Price Reduction! Once in a lifetime 100% Fully Renovated 7-unit apartment building with permits cash flowing at an amazing Current 7.75% Cap Rate and 9.7 GRM from day 1! Fully Approved RTI plans to add 6 detached ADUs to achieve a remarkable 10.8% Cap Rate and 7.2 GRM… Read More after taking into account all constructions costs (~566k assuming $250/SF). All 7 units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, HVAC systems as well as major exterior capital improvements. Diverse unit mix of 4 (1bed/1bath) units, 2 (2bed/1bath) units, and 1 spacious brand-new (3bed/2bath) unit. Additionally, the major systems have been updated including electrical, plumbing, windows, etc. Individually Metered for Gas & Electricity. Large 7,084 SF R3-1 Lot TOC Tier 2 with future development potential. Excellent Westlake location just steps away from the trendy Echo Park, FilipinoTown, DTLA, and Koreatown. Read Less
Courtesy of KW Westside Estates 310-482-2200
Listing Snapshot
Days Online
28
Last Updated
Property Type
Other
Beds
11
Square Ft.
4,444
Lot Size
0.16 Acres
Year Built
1953
MLS Number
26658625
30 Days Snapshot Of 90017
$720k
+56%
(avg) sold price
1
-50%
home sold
58
-61%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
4,444 sq ft, Built in 1953, Levels: Multi/Split, Contemporary
Cooling
Air Conditioning, Central
Disclosures
None
Floors
Laminate
Garage
Detached
Heating
Central
Lot
LotAcreage: 0.1627, LotSizeArea: 7,086
Parking
TotalParking: 3
Property
NumberOfUnits: 7, ViewDescription: City Lights, City, ViewYN: 1, Zoning: LAR3
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