Studio house for sale
$2,350,000 - Los Angeles CA 90007Los Angeles CA 90007
Studio house for sale
- Beds: 0
- Baths: 16
- Price: $2,350,000
- Reference No.: 69604138
- Area: 8,062 sqft
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Overview
Excellent opportunity to acquire a 16 unit apartment building in the West Adams district of Los Angeles by USC at a $147, 000 cost per unit and $291.00 cost per square foot. This 8, 062 sq. ft. building resides on a 6, 801 sq. ft. corner lot which consists of 16 very large studios each with their own separate kitchen area. The property is located one block south of the 10 Freeway on an excellent and quiet stretch of Budlong Ave. at 24th St. and surrounded by single family homes and smaller apartment buildings. The property retains an excellent on-site manager making this a low maintenance asset for savvy investors. The building is well maintained and all units are individually metered for gas and electric with onsite laundry that brings in approximately $425.00 of additional monthly income. This bread and butter building has tremendous upside potential and is perfect for the investor looking to add more units in a great area to their portfolio and an excellent opportunity for a 1031 exchange buyer. Positioned in the northwest area of the 90007 zip code, 1.8 miles from USC, 2.5 miles from The Crypto.com Arena and just minutes from Koreatown. CURRENT CAP RATE 4.05% / CURRENT GRM 14.8 - PRO FORMA CAP RATE 8.73% / PRO FORMA GRM 8.7 For more details and to contact: https://realtyww.info/homes_los-angeles-d523223/for-sale_i69604138House Los Angeles
This House for sale is located at Los Angeles CA 90007. The home has Studio and 16 Bathrooms. This 0 bedroom House in Los Angeles CA is for sale for $2,350,000 .
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2024-03-25, Viewed 0 times.
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The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-03-25, Viewed 0 times.
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