Los Angeles, CA 90011
$1,070,000
Mark Quesada
Broker / Owner
DRE #02101365
Huge ~225k Price Reduction! 6-unit value-add building with 12 parking spaces cash flowing at a 6.5% Cap Rate from day 1 with upside to an 11.9% Cap on Proforma! Fully Approved RTI plans to add 6 detached ADUs to achieve an incredible 13.5% Current Cap Rate, 16.9% Proforma Cap, and only 144k/unit after taking into account all the construction costs (~670k assuming $250/SF). 3 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, new windows for all units, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime location just minutes away from Downtown LA, USC, BMO Stadium, George Lucas' Billion Dollar Museum, and Exposition Park where 2028 Olympics will be held!
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$7,897/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
Pick a day and time — Mark will confirm your private tour.
Listed by Armin Soleimani, Global Platinum Properties, Inc.
Co-listed by Julio Ruiz, Global Platinum Properties, Inc.
MLS# 26924165 · Active
History reflects records reported to the MLS and may be incomplete.