$1,225,000 Price Analysis   ♡   Los Angeles, CA 90043 7 bed 4 bath 3,726 SqFt ($328/SqFt) 5,041SqFt lot. Built 1966 Listed 2024-05-21 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
On the market for the first ti me in seven years
* Sale Pending *This property offers a rare investment opportunity for buyers and investors. Two of the four units are vacant and recently renovated, making them move-in ready. With 50% of the units available for market-rate rental upon acquisition, investors can benefit from high cash flow without the complexties of below-market tenants. This is particularly advantageous given the stringent rent control regulations in Los Angeles and potential changes in tenant protection laws.
At the projected Section 8 rate of $3, 000 for two-bedroom units, buyers can expect a stabilized cap rate of under 8% with potential for positive leverage in a challenging interest rate environment. The property features modern amenities such as a remote-controlled security gate, ample on-site parking and a convenient laundry facility, catering to contemporary living needs. Each unit, averaging 925 square feet, offers big layouts with in-unit heating and abundant natural light, creating a welcoming and comfortable living environment.
Presented by Saadia Liberow at
Marcus & Millichap.
Property MLS #24-394437 from TheMLSCLAW
Full Bathrooms: 4
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 5041
Parking Total: 4
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 3006, 2 BedsTotal: 1, 2 BathsTotal: 1, 2 SquareFeet: 2150, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 3006, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 3006
County: Los Angeles
Cap Rate: 7.78
Directions: Near cross streets 67th and S Victoria Ave.
Source Property Type: Residential Income
Area: Park Hills Heights
Source Neighborhood: Park Hills Heights
Parcel Number: 4006-022-002
Zoning: LAR3
Source System Name: C2C
$1,225,000
TheMLSCLAW
Listing removed 2017-07-13
$795,000
TheMLSCLAW
Listed 2017-03-31
$795,000
TheMLSCLAW
Year Built: 1966
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 58
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.