Fantastic 7-unit investment property located in Los Angeles

Directly adjacent to Beverly Hills. The building features 7 units and 6, 338 square feet of living area in total, with (5) 1-bed / 1-bath units and (2) 2-bed / 2-bath units. The building also includes a community laundry area and parking for up to 6 vehicles. Additionally, the soft story retrofit has been completed and earthquake gas shut off valves have already been installed.

1138 Cardiff Ave provides savvy investors the opportunity to capitalize on over 45% upside on the current rents. Offered at a competitive bsis, this property is nestled in one of the highest demand pockets of the Pico-Robertson neighborhood, directly adjacent to prime Beverly Hills.

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on 1138 Cardiff Ave
in Los Angeles, CA
Presented by Jake Glaser at
Lyon Stahl Investment Re, Inc.


Property MLS #24-389431 from TheMLSCLAW

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 9

+ Bathrooms

Total Bathrooms: 9
Full Bathrooms: 9

+ Appliances

Laundry Facilities: Community
Laundry Features: Community

+ Heating and Cooling

Heating Features: Natural Gas

+ Land Info

Lot Size Acres: 0.1394858
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 6076

+ Garage and Parking

Garage Description: Covered Parking, Driveway - Concrete
Parking Total: 6

+ Homeowners Association

Association: No
Calculated Total Monthly Association Fees: 0

+ Multi-Unit Info

Number of Buildings: 1
Number of Units: 7
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 2, 1 SquareFeet: 3250, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 2350, 3 BedsTotal: 1, 3 BathsTotal: 1, 3 SquareFeet: 2350, 4 BedsTotal: 2, 4 BathsTotal: 2, 4 SquareFeet: 3250, 5 BedsTotal: 1, 5 BathsTotal: 1, 5 SquareFeet: 2350, 6 BedsTotal: 1, 6 BathsTotal: 1, 6 SquareFeet: 2350, 7 BedsTotal: 1, 7 BathsTotal: 1, 7 SquareFeet: 2350

+ Other Property Info

Source Listing Status: Active Under Contract
County: Los Angeles
Cap Rate: 3.89
Directions: On Cardiff Ave just north of Pico Blvd. One block South of Beverly Hills City limits.
Source Property Type: Residential Income
Area: Beverlywood Vicinity
Source Neighborhood: Beverlywood Vicinity
Parcel Number: 4332-002-015
Zoning: LAR3
Source System Name: C2C
+ Reveal Tax History

Year	Assessments Building + Land Total	Tax
2022	$281730 + $241173 $522903	$7234
2021	$276206 + $236445 $512651	$7031
2020	$273374 + $234021 $507395	$7087
2019	$268014 + $229433 $497447	$6842
2018	$262759 + $224935 $487694	$6731
2017	$257607 + $220525 $478132	$6557
2016	$252556 + $216201 $468757	$6344
2015	$248763 + $212954 $461717	$6261
2014	$243891 + $208783 $452674	$6326
2013	$242789 + $207840 $450629	$6310
2012	$238029 + $203765 $441794	$6389
2010	$233362 + $199770 $433132	$6200
2009	$232169 + $198749 $430918	$5980
2009	$231618 + $198277 $429895	$5980
2008	$227617 + $194852 $422469	$5750
2007	$223154 + $191032 $414186	$5548

+ Reveal Property Sale History

Price Changed 2024-06-04
$2250000
TheMLSCLAW

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Price Changed 2024-05-29
$2350000
TheMLSCLAW

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Listed 2024-05-08
$2400000
TheMLSCLAW

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Listing removed 2022-01-15
$0
Avail

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Listed for rent 2022-01-10
$1500
Avail

+ Commercial Info

Net Operating Income: 87435

+ Building and Construction

Total Square Feet Living: 6338
Year Built: 1954
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 70
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced

+ Display Complete School Details

Canfield Avenue Elementary School is a public elementary school located approximately 0.4 miles away.
Map directions

Alexander Hamilton Senior High School is a public high school located approximately 1.5 miles away.
Map directions

Palms Middle School is a public middle school located approximately 2.7 miles away.
Map directions

Bais Chaya Mushka Chabad School is a private elementary and middle school located approximately 0.1 miles away.
Map directions