Just reduced by $40,000! This 5,188 square foot structure was built in 1963 and is situated on a large 6,952 square foot parcel of land. The property boasts a terrific unit mix consisting of (1) 3-bed/2-bath and (4) 2-bed/1-bath spacious units. Four of the five units have been fully renovated with high-end finishes. By renovating the fifth unit and increasing the rents to market the property can operate at a Pro Forma CAP Rate of 5.89% and a Pro Forma GRM of 11.99. This turn-key asset is centrally-located near Space-X, the 105 & 405 Freeway and Hollywood Park Redevelopment making it a great investment opportunity in a rapidly appreciating market!
Listing courtesy of Nico Rosmarin from Lyon Stahl Investment Real Estate, Inc.
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.