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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$1,070,000

Est. payment - /mo

7 Beds

6 Baths

2,838 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,838 sqft

Price per Sqft $377

MLS Listing ID 26924165

Bedrooms 7

HOA Y/N No

Year Built 1924

Lot Size 6,316 Sqft

Property Description

Huge ~225k Price Reduction! 6-unit value-add building with 12 parking spaces cash flowing at a 6.5% Cap Rate from day 1 with upside to an 11.9% Cap on Proforma! Fully Approved RTI plans to add 6 detached ADUs to achieve an incredible 13.5% Current Cap Rate, 16.9% Proforma Cap, and only 144k/unit after taking into account all the construction costs (~670k assuming $250/SF). 3 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, new windows for all units, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime location just minutes away from Downtown LA, USC, BMO Stadium, George Lucas' Billion Dollar Museum, and Exposition Park where 2028 Olympics will be held!

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LARD1.5

Interior

Heating Wall Furnace

Fireplace No

Exterior

Parking Features Gated

Total Parking Spaces 12

Building

Story 2

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5118009019

Special Listing Condition Standard

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Listed by Armin Soleimani Global Platinum Properties, Inc. #01846872

Nearby School & Business

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Sean Beattie Jr.

+1(415) 845-8732

Agent CA DRE# 01944311

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1325 E Adams BLVD Los Angeles, CA 90011

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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