Description
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 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.
Property Details
- Stories1
Measurements
- Acres0.1282
Construction Details
- Property TypeInvestment
Condition
- Year Built1944
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$897,000
Other
- MLS #22144331
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- Buyer Agency Compensation2.500
Location
Legal
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Paul Fisher (#CLW-C126471)
Listing Office: Compass (#CLW-X8146110)
Listing Courtesy (Buyer)
Buyer's Agent: Loosine Boghosian (#CLW-C137422)
