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ZIP CODE 90006

15 Beds 15 Baths ACTIVE Status
Huge 400k Price drop alert! 14-unit value-add opportunity with a remarkable Current Cap Rate of 6.5% and 11.1 GRM and an incredible 65% upside potential to 12.1% Cap Rate and 6.6 GRM on proforma. Located in prime Mid City, this property is offered at an unbelievable price of only 199k/unit and $323/SF, making it too good to pass up. Plus, there are Fully Approved RTI plans to add 3 Attached ADUs to improve the numbers to only 164k/unit, 8.8% Cap Rate, and 8.5 GRM on current. 4 of the units have been already fully remodeled with permits and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. Additionally, each unit is individually metered for gas and electricity while tenants cover garbage fees - saving you money on utilities from day one. The large 10,015 SF lot comes complete with gated parking spaces that can accommodate up to twelve cars and requires no soft-story retrofitting. Nearly RTI plans have already been drafted to add 2 additional Detached ADUs over the carport - adding even more income-generating potential! And let's not forget about its unbeatable location near popular neighborhood attractions like Alibi Coffee Co. , Starbucks, Koreatown, DTLA, Culver City, and public transportation options all while being in close proximity to major freeways ensuring smooth travel times within Los Angeles city limits. Don't wait another moment to grab this rare opportunity before it slips away!

2176 S Venice Blvd, Los Angeles

Courtesy of , Julio Ruiz - CA DRE#

3 Beds 2 Baths ACTIVE Status
Nestled in the heart of Korea Town, this remarkable residence redefines perfection. Situated on a spacious R3 lot, it offers endless possibilities for the future, making it a dream come true. The location is exceptional, right in the bustling center of the city, providing unmatched convenience and access to all the unique attractions and amenities of urban living. Prepare to be captivated by this extensively renovated sanctuary that goes above and beyond. Step inside, and you'll find yourself in a three-bedroom haven. The primary suite is a luxurious retreat, complete with a lavish en-suite bath. There's also a second bathroom that rivals a spa, providing a vacation-like experience without leaving the comfort of home. This home epitomizes the epitome of lavish living. Approaching the entrance, a private porch exudes charm and sets the stage for the delightful experience that awaits inside. The open-concept living space is adorned with tasteful features. The kitchen showcases a substantial island, gleaming stainless steel appliances, new dual pane windows that bathe the space in natural light, high ceilings that create an air of grandeur, and recessed lighting that sets the perfect mood. This home has undergone a comprehensive transformation, now featuring a new HVAC system and modern electrical upgrades. Additionally, a washer and dryer have been added for your convenience. It's truly a marvel, ready for immediate occupancy, and a testament to the epitome of urban living, offering ample closet space to accommodate your wardrobe and more.

1116 Irolo St, Los Angeles

Courtesy of , Nick Mercado - CA DRE#

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