$885,000
$885,000
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SOLD DATE : 07/21/2016
Key Details
Sold Price $885,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Westside/South Of Willow (Wsw)
MLS Listing ID PW16092983
Sold Date 07/21/16
HOA Y/N No
Year Built 1959
Property Description
Excellent 5 unit building, each unit is a large 2 Bedroom apartment. This well-maintained property is situated on a large corner lot, has a lush courtyard, community laundry room and 6 garages. This two story wood frame and painted stucco building offers 3,978 square feet. The units are in good condition, the 3 downstairs units have ceramic tile through out and each are individually sub-metered for gas/electric. Long term tenants, fully occupied with strong upside in rents makes for a great value-add opportunity. Priced at an actual 5.1% Cap Rate and 12.1 Gross rent multiplier.
Location
State CA
County Los Angeles
Area 11 - Westside
Interior
Heating Wall Furnace
Cooling None
Flooring Tile
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Assigned
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Street Lights, Sidewalks
Utilities Available Sewer Available
Total Parking Spaces 12
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Water Public
Level or Stories Two
Others
Tax ID 7431024005
Acceptable Financing Conventional, Submit
Listing Terms Conventional, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Jonathan Swire • The Agency