1258 S Woods Avenue, Los Angeles, CA 90022
- $1,100,000
List Agent Brian Noh () 2138047647 Nohco Real Estate; CoList ()
- List Price
- $1,100,000
- Status
- ACTIVE
- MLS#
- OC26157924
- Year Built
- 1929
- Lot Size
- 5,464
- Lot Location
- 6-10 Units/Acre, Back Yard, Front Yard, Lawn
- Days on Market
- 7
- Property Type
- Multifamily
- Style
- Spanish
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
Actual 9.9 GRM/6.3% Cap Rate! This is a unique opportunity to acquire a 6 unit multifamily property located in Unincorporated LA so it does NOT fall under city of LA RSO. Built in 1929, this Spanish style property is comprised of two separate buildings totaling 4,186sf and comprised of (6) large 1 bed/1 bath units, with decent layouts, full kitchen & bath, roomy bedroom, washer/dryer hookups, and One unit delivered Vacant and in rent ready condition. The current tenants have good rent histories, and the property offers a strong stabilized investment with built in upside in the rents in a high demand rental market. On a 5,464sf size lot zoned LC-R4, there a total of 6 garages in the rear w/ alley access, providing an ideal opportunity for an ADU conversion. Well located in East Los Angeles near multiple freeways, and near Citadel Outlets. This is a true Value Add Opportunity!
Additional Information
- Appliances
- Gas Range, Refrigerator, Water Heater
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- Exterior Construction
- Stucco
- Roof
- Spanish Tile
- Garage Spaces Total
- 6
- Sewer
- Public Sewer
- Water
- Public
Mortgage Calculator
Based on information from CRISNet MLS as of . 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.