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$ 1,200,000
Est. payment | /mo
5,906 Sqft Lot
$ 1,200,000
Est. payment | /mo
5,906 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID MB25170536
HOA Y/N No
Year Built 1895
Lot Size 5,906 Sqft
Property Sub-Type Multi Family
Property Description
Located in the heart of Korea Town this Charming 5 -unit Commercial complex features a great mix of residential properties amongst three separate structures on a High Density R-4-1 Zone with Upside potential . Four Bungalow style homes approximately 441 sq ft each and a Large 2 bedroom 1 bath Craftsman house at rear boasting approximately 1030 sq ft of living space . Amenities include a large basement at rear that owner uses as a rumpus room and work shed , plenty of common area for tenants and low maintenance on landscaping . These units are Fully occupied providing immediate rental income for the savvy investor . Property boast a competitive cap rate of 4.98% reflecting a strong income potential and investment viability in a rapidly growing neighborhood. Half a block south of Olympic blvd. within walking distance of Hannam chain market , Berendo Highschool and public transportation just to name a few
Location
State CA
County Los Angeles
Area Krea - Koreatown
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Inside, Laundry Room
Exterior
Fence Average Condition
Community Features Gated
Utilities Available Sewer Connected, Water Available
Roof Type Composition
Building
Lot Description Near Public Transit
Story 1
Water Public
Others
Tax ID 5078011013
Security Features Carbon Monoxide Detector(s),Gated Community
Special Listing Condition Standard
Virtual Tour https://www.wellcomemat.com/mls/596u72bdbad11m9gm
Listed by JOSEPHINE SAN LUCAS KELLER WILLIAMS LARCHMONT 562-843-8748