1258 S Woods Avenue, Los Angeles, CA 90022
- $1,100,000
- List Price
- $1,100,000
- Status
- ACTIVE
- MLS#
- OC26157924
- Year Built
- 1929
- Lot Size
- 5,464
- Acres
- 0.13
- Lot Location
- 6-10 Units/Acre, Back Yard, Front Yard, Lawn
- Days on Market
- 5
- Property Type
- Multifamily
- Style
- Spanish
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
Actual 9.9 GRM/6.3% Cap Rate! This is a unique opportunity to acquire a 6 unit multifamily property located in Unincorporated LA so it does NOT fall under city of LA RSO. Built in 1929, this Spanish style property is comprised of two separate buildings totaling 4,186sf and comprised of (6) large 1 bed/1 bath units, with decent layouts, full kitchen & bath, roomy bedroom, washer/dryer hookups, and One unit delivered Vacant and in rent ready condition. The current tenants have good rent histories, and the property offers a strong stabilized investment with built in upside in the rents in a high demand rental market. On a 5,464sf size lot zoned LC-R4, there a total of 6 garages in the rear w/ alley access, providing an ideal opportunity for an ADU conversion. Well located in East Los Angeles near multiple freeways, and near Citadel Outlets. This is a true Value Add Opportunity!
Additional Information
- Appliances
- Gas Range, Refrigerator, Water Heater
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- Exterior Construction
- Stucco
- Roof
- Spanish Tile
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s)
- Attached Structure
- Attached
- Number Of Units Total
- 6
- Gross Scheduled Income
- $111,408
Listing courtesy of Listing Agent: Brian Noh (brian@nohco.com) from Listing Office: Nohco Real Estate.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.