The Western Four is a well-positioned 4-Unit Investment Property comprised of Four (4) detached homes. Each home is a 2 bedroom / 1 bathroom for a total of 2,560 Sq. ft. - situated on a 5,586 Sq. ft R1.5 zoned Lot in the City of Los Angeles. In July 2022 there will be 1 unit vacant bringing the estimated yearly income to an impressive $80,580, GRM of 11, Cap Rate of 6.5% and an estimated ROI of 11% Year One! (See OM read more for details). There are approximately six (6) parking spots that are easily accessible off the alley. Tenants enjoy a gated courtyard and outdoor space surrounding each home which is utilized for storage and outdoor living. The Western Four is conveniently located roughly 1 mile from mega-development Sofi Stadium (Rams House), just one block to Jesse Owens Park and Maggie Hathaway Golf Course; and walking distance to several restaurants and shops. This is a well-managed building with several recent upgrades in a high-demand rental area with considerable upside potential - Don't miss this diamond.
The information contained in this listing has not been verified by us or the MLS and should be verified by the buyer.
Listing Agent: Paul Fisher, Listing Office: Compass, MLS Data Source: CRMLS
Last Updated: Jul 14th, 2022. Source: CRMLS
Paul comes from a family of real estate professionals. His mother, grandmother and uncle are real estate experts in commercial, residential and property management throughout California and Hawaii. He was raised by his mother who holds a degree in Fine Art and Design. Throughout his childhood he moved with his mother from house to house as they were bought, remodeled and sold. Paul's depth of knowledge does not come from a chart, graph or text book but through experiencing market dynamics first hand throughout his life. After Paul graduated from college he moved to Los Angeles in 2010 where he began buying, remodeling and selling properties. He is very active in the Real Estate market with multiple short term projects and long term multifamily investments. Paul offers his clients a unique perspective as he has been on all sides of the transaction. And he truly enjoys finding people their dream home and/or high income investment property and passing on his knowledge along the way. Contact him today!