Welcome to a fantastic investment opportunity in the vibrant Pico/Union area fourplex with a 5% cap rate! This property is perfectly situated just steps away from L.A. Live, shops, galleries, restaurants, transportation, schools, and the LA Red Shield Community Center. Each of the four units features a 1-bedroom, 1-bathroom apartment, with several units recently renovated, adding to the property's appeal and potential.This fourplex offers a great addition to any investment portfolio, located in a dynamic and thriving community with excellent growth potential. Don't miss out on owning in one of Los Angeles' most exciting neighborhoods!
The income description goes here to explain
List Price | $950,000 |
Property Type | Fourplex (4-units) |
Usable Sqft | 2,418 |
Number of Stories | 2 stories |
Parking Spots | 0 spots |
Year Built | 1905 |
Last Sold | Unknown |
Sold Price | Unknown |
APN # | 5137026018 |
MLS # | 24444017 |
Property ID | 320881410 |
Lot Sqft | 2,050 |
Zoning | LARD1.5 |
Total Units | 4 |
Days on Market | 13 |
Original List Price | $950,000 |
Date Updated | October 02, 2024 |
Date Created | September 24, 2024 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | 1 | 1.00 | $1,740 | $2,200 |
Unit #2 | 1 | 1.00 | $1,740 | $2,200 |
Unit #3 | 1 | 1.00 | $1,040 | $2,200 |
Unit #4 | 1 | 1.00 | $1,040 | $2,200 |
Gross Income (Yr) | $ 66,720 |
Operating Expenses | $ 18,756 |
Net Income (Yr) | $ 47,964 |
Cap Rate | 5.05% |
Dante Peter Tantiado an agent of . Lic #01355998
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT