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Listed by Olga Wright • Lyon Stahl Investment Real Estate, Inc.
$ 2,590,000
Est. payment | /mo
7,598 SqFt
$ 2,590,000
Est. payment | /mo
7,598 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,598 sqft
Price per Sqft $340
MLS Listing ID CRSB25164590
HOA Y/N No
Year Built 1964
Lot Size 8,354 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
Beautiful Pride-of-Ownership Property in PRIME Location! Charming courtyard-style apartment complex with 6 spacious one-bedroom units, 2 two-bedroom units, and a long-term commercial tenant occupying 4 spaces facing 9th Street (lease secured through April 2030)... Extensively upgraded with a new roof, main drain, garage doors, exterior paint, and renovated units. Soft-story retrofit completed. Includes 7 private garages, additional on-site parking, and extra income from laundry and garage rentals. Offered at an attractive 11.9 GRM and 5.6% Cap Rate on current income, with significant rental upside.*** Qualifies for favorable multifamily financing — a turnkey investment opportunity! SEE SUPPLEMENTS FOR OFFERING MEMORANDUM AND RENT-ROLL
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Common Area
Building
Lot Description Corner Lot, Other
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Qayes Abdulla
REALTOR® | Lic# DRE# 02150727