$1,340,000
$1,250,000
7.2%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
4 Baths
2,768 SqFt
SOLD DATE : 09/18/2024
Key Details
Sold Price $1,340,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,768 sqft
Price per Sqft $484
MLS Listing ID 24426670
Sold Date 09/18/24
Bedrooms 4
HOA Y/N No
Year Built 1922
Lot Size 8,049 Sqft
Property Description
We are pleased to present our newest exclusive listing in the trendy Highland Park neighborhood . The property is comprised of four units all 1bedroom/1bathroom units ( two which were built in 2008 and are loft style) . Those loft units are exempt from RSO rent control . The property boast a 91 Walkscore (Walkers Paradise) and is located only one block from Figueroa St, local bars, Starbucks, and more! The property is being offered at a 5.72% cap rate on entry rents and a 11.81 GRM. This investment is well suited for long term growth, upside in rents, and located in an extremely desirable Los Angeles neighborhood making it a perfect investment
Location
State CA
County Los Angeles
Area 632 - Highland Park
Zoning LARD2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Appliance Disposal
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5493012025
Special Listing Condition Standard
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Bought with Carlos Borraez • Keller Williams R. E. Services
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Broker Associate | Lic# 01905244