1258 S Woods Avenue, Los Angeles, CA 90022
- $1,100,000
Listing courtesy of Listing Agent: Brian Noh (brian@nohco.com) from Listing Office: Nohco Real Estate.
- List Price
- $1,100,000
- Status
- ACTIVE
- Days on Market
- 17
- MLS#
- OC26157924
- Subtype
- Residential Income
- Style
- Spanish
- Year Built
- 1929
- Lot Size
- 5,464
- Acres
- 0.13
- MLS Area Major
- Not Defined (699)
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!
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Additional Information
- Interior Features
- Ceiling Fan(s)
- Exterior Features
- Rain Gutters
- Property Description
- Spanish
- Flooring
- Carpet, Laminate, Tile
- Appliances
- Gas Range, Refrigerator, Water Heater
- Heating
- Wall Furnace
- Exterior Construction
- Stucco
- Stories
- Two Levels
- Levels
- Two
- Roof
- Spanish Tile
- Pool Type
- None
- Parking Features
- Door-Single, Garage, Garage Faces Rear
- Garage Spaces
- 6
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.