$1,290,000

Estimated payment $8,353/month

Total Views 882
7 Beds
6 Baths
2,838 Sq Ft
$455 Price per Sq Ft

Highlights

  • Gated Parking
  • Bungalow
  • Ceiling Fan

About This Home

6-unit value-add building with 12 parking spaces cash flowing at a 5% Cap Rate from day 1 with upside to a 9.7% Cap on Proforma! Preliminary plans to add 6 detached ADUs to achieve an incredible 11.7% Current Cap Rate, 14.8% Proforma Cap, and only 163k/unit after taking into account all the construction costs (~670k assuming $250/SF). 3 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, new windows for all units, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime location just minutes away from Downtown LA, USC, BMO Stadium, George Lucas' Billion Dollar Museum, and Exposition Park where 2028 Olympics will be held!

Listing Agent

Julio Ruiz

Global Platinum Properties, Inc. License #01911261 Listed on: 07/31/2025

Co-Listing Agent

Armin Soleimani

Global Platinum Properties, Inc. License #01846872

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1924

Lot Details

  • 6,315 Sq Ft Lot
  • Lot Dimensions are 50x126

Home Design

  • Bungalow

Interior Spaces

  • 2,838 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Bathrooms

Parking

  • 9 Parking Spaces
  • Gated Parking

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 5118-009-019

Property Details

Home Type

Multi-Family

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Style: California Bungalow
  • Levels: One
  • Street Number Display: Yes
  • Advertising Remarks: 6-unit value-add building with 12 parking spaces cash flowing at a 5% Cap Rate from day 1 with upside to a 9.7% Cap on Proforma! Preliminary plans to add 6 detached ADUs to achieve an incredible 11.7% Current Cap Rate, 14.8% Proforma Cap, and only 163k/unit after taking into account all the construction costs (~670k assuming $250/SF). 3 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, new windows for all units, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime location just minutes away from Downtown LA, USC, BMO Stadium, George Lucas' Billion Dollar Museum, and Exposition Park where 2028 Olympics will be held!
  • Living Area: 2838
  • Lot Acreage: 0.1448
  • Lot Dimensions: 50x126
  • Stories: 2
  • Year Built: 1924
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Total Bathrooms: 6.00
  • Price Per S Q F T: 454.55

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Gated
  • Total Parking: 9

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 18.87
  • Assessed Improvement Value: 109363
  • Assessed Land Percent: 81.13
  • Assessed Land Value: 470265
  • Total Assessed Value: 579628
  • Assessor Parcel Number: 5118-009-019
  • Lot Size Area: 6315

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 13.60
  • Number Of Units: 6
  • Total Annual Expense: 30607
  • Type Of Units: Bungalow
  • Vacancy Rate: 3%

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2025 07/31/25 For Sale $1,290,000 -- $455 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25572721

The MLS