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Glen Henderson

[email protected] +1(619) 889-7646

$1,199,900

Est. payment - /mo

4 Beds

4 Baths

6,328 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW26202192

Bedrooms 4

Lot Size 6,328 Sqft

Property Sub-Type Res Income 2-4 Units

Type of Financing Exchange

Property Type Res Income 2-4 Units

Property Description

Rare 6-unit Spanish-style building in one of LA's most historic neighborhoods - Leimert Park. Nearly 85% rent upside, current gross income $84,516/yr vs. $156,000/yr at market. One 2BD/1BA unit is currently not occupied and available to live in and / or rent. Updated electrical panels, copper plumbing, several units renovated with granite counters and new flooring. 4 detached garages, 2 available for the next owner to lease separately. Owned coin laundry on-site. Cap rate approximately 5.1% in-place, approximately 11.1% at full market rents. Walking distance to the vibrant Leimert Park Village. Don't miss out.

Location

State CA

County Los Angeles

Zoning Assessor

Direction East of Crenshaw Blvd; West of Arlington Ave. South of Leimert Blvd; North of Vernon Ave

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5023014005

Acceptable Financing Exchange

Listing Terms Exchange

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Listed by Carlos Munoz, DRE#01408987 Century 21 A Better Service

Nearby School & Business

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Glen Henderson

+1(619) 889-7646

Broker Associate CA BRE #01384181

San Diego Communities

4237 8th Avenue Los Angeles, CA 90008

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information