Great Opportunity to acquire an 8 unit Multi-Family building in the Miracle Mile area of Los Angles. Comprised of Large aprox 800 sq ft Units with a lot of the original architectural characteristics of the 1930s, including tile, Moldings and flooring. Each unit is separately metered for gas and… Read More electric. 8 covered garage spots in the back parking lot. Aprox 50% upside potential from current rents. 5 out of the 8 units are due for immediate Increases. First time on the market in 20 years. Priced to Sell. No showings without accepted offer. Read Less
Property listed by JRM Properties, Joshua Tomaszewski 323-951-9778
Listing Snapshot
Days Online
15
Last Updated
Property Type
Other
Beds
8
Square Ft.
6,344
Lot Size
0.18 Acres
Year Built
1939
MLS Number
25490063
30 Days Snapshot Of 90036
$2,044k
+24%
(avg) sold price
4
-50%
homes sold
118
+78%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1939, Building area total: 6,344, Levels: Two, Living area: 6344, 2 stories, 1 building
Community
Gated
Expenses
Electric expense: $1,200, Gardener expense: $1,440, Insurance expense: $4,594, New taxes expense: $19,772, Trash expense: $6,120, Water sewer expense: $2,400
Heating
WallFurnace
Income
Gross income: $160,260, Net operating income: $120,220
Laundry
None
Lot
0.1791 acres, 7,803 square feet, Size: 7,803
Parking
8 totals parking, Covered
Property
Zoning: LAR4
Security Features
GatedCommunity, KeyCardEntry
Tenant Pays
CableTv, Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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