$900,000
$897,000
0.3%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
2,560 SqFt
SOLD DATE : 07/12/2022
Key Details
Sold Price $900,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,560 sqft
Price per Sqft $351
MLS Listing ID 22-144331
Sold Date 07/12/22
Style California Bungalow
Bedrooms 8
Year Built 1944
Lot Size 5,586 Sqft
Acres 0.1282
Property Sub-Type Multi-Family
Property Description
The Western Four is a well-positioned 4-Unit Investment Property comprised of Four (4) detached homes. Each home is a 2 bedroom / 1 bathroom for a total of 2,560 Sq. ft. - situated on a 5,586 Sq. ft R1.5 zoned Lot in the City of Los Angeles. In July 2022 there will be 1 unit vacant bringing the estimated yearly income to an impressive $80,580, GRM of 11, Cap Rate of 6.5% and an estimated ROI of 11% Year One! (See OM for details). There are approximately six (6) parking spots that are easily accessible off the alley. Tenants enjoy a gated courtyard and outdoor space surrounding each home which is utilized for storage and outdoor living. The Western Four is conveniently located roughly 1 mile from mega-development Sofi Stadium (Rams House), just one block to Jesse Owens Park and Maggie Hathaway Golf Course; and walking distance to several restaurants and shops. This is a well-managed building with several recent upgrades in a high-demand rental area with considerable upside potential - Don't miss this diamond.
Location
State CA
County Los Angeles
Area Metropolitan Southwest
Zoning LARD1.5
Rooms
Other Rooms None
Interior
Heating Natural Gas
Cooling None
Equipment Range/Oven
Laundry None
Exterior
Parking Features Assigned
Garage Spaces 6.0
Building
Story 1
Architectural Style California Bungalow
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Rodeo Realty
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