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$ 1,775,000
Est. payment | /mo
8 Beds
8 Baths
5,532 SqFt
$ 1,775,000
Est. payment | /mo
8 Beds
8 Baths
5,532 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,532 sqft
Price per Sqft $320
MLS Listing ID 25539067
Bedrooms 8
HOA Y/N No
Year Built 1924
Lot Size 0.267 Acres
Property Description
Incredible opportunity in a prime Los Feliz adjacent location. Large property of close to 12,000 SF of land, offers many opportunities. There are currently 8 units spread over 3 bungalow style structures with 8 on site parking spaces. With a current cap rate of 5.89% and approximately 42% upside in existing rents, offering a cap rate of 9.4% at market rents. The large lot has potential for up to 6 ADUs or more, which would raise the cap rate to above 10%! Tenants pay their own trash, keeping expenses low. The large lot, zoned LAR3 also offers potential for ground up development.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3-1
Interior
Cooling None
Fireplace No
Appliance Disposal
Exterior
Parking Features Driveway
View Y/N Yes
View City Lights, Mountain(s)
Total Parking Spaces 8
Building
Faces East
Story 1
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5544010011
Special Listing Condition Standard
Listed by Shaya Lowenstein Keller Williams Larchmont
Costanza Genoese Zerbi
Broker Associate | License ID: 01941438
+1(562) 221-4527 | costanza.genoesezerbi@exprealty.com