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Est. payment | /mo
9,443 Sqft Lot
$ 1,899,000
Est. payment | /mo
9,443 Sqft Lot
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26240832
HOA Y/N No
Year Built 1960
Lot Size 9,443 Sqft
Property Sub-Type Apartment
Property Description
Ten apartments in a garden-style building totalling 6,258 SF on a 9,442 SF, with 10 assigned parking spaces. The unit mix is eight 1 bed/1 bath units, one 2 bed/1 bath unit and one spacious 2 bed/2 bath unit. Built in 1960, the property has been well maintained, upgraded and without major deferred maintenance. Most units have been thoroughly remodelled, and a new roof takes care of a big capex item.
Aggressively priced at an 8.49% CAP rate and 8.47 GRM on scheduled rents, with a 9.32% pro forma CAP. Nine of ten units are occupied. The vacant and remodelled 2 bed/2 bath gives a buyer the option to move in or lease it at market rent, and in-place rents leave room to grow as units turn over.
The property is in Westmont, in unincorporated Los Angeles County. It is outside the City of Los Angeles Rent Stabilization Ordinance and Systematic Code Enforcement Program, and is not served by LADWP.
About half a mile from the Metro C Line Vermont/Athens station and minutes from Imperial Highway and the 105 and 110 freeways, with easy access to Downtown LA, LAX and the South Bay.
Aggressively priced at an 8.49% CAP rate and 8.47 GRM on scheduled rents, with a 9.32% pro forma CAP. Nine of ten units are occupied. The vacant and remodelled 2 bed/2 bath gives a buyer the option to move in or lease it at market rent, and in-place rents leave room to grow as units turn over.
The property is in Westmont, in unincorporated Los Angeles County. It is outside the City of Los Angeles Rent Stabilization Ordinance and Systematic Code Enforcement Program, and is not served by LADWP.
About half a mile from the Metro C Line Vermont/Athens station and minutes from Imperial Highway and the 105 and 110 freeways, with easy access to Downtown LA, LAX and the South Bay.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Fireplace No
Laundry None
Exterior
Parking Features Assigned, Carport
Carport Spaces 3
Pool None
Community Features Sidewalks
Total Parking Spaces 10
Private Pool No
Building
Lot Description Street Level
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6076017015
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Listed by Matias Stofenmacher Edgestone Real Estate, Inc. 818-464-5707, DRE #01705003