For sale 6 units in Los Angeles , California. For additional information regarding this transaction , please contact the listing agent, Jordan Epstein 818-212-2799 Jordan.Epstein@marcusmillichap.com

Posted: 09/16/2021 4:16 pm | On HOMEiZ: 952 days | Updated: 2 years ago | Views: 445

Location Map

Property Type

Property status

Sold

Property Price

Asking Price

$1486500

Last Sold Price

$1486500

Last Sold Date

09/17/2021

Total Lot Size

8,110.00 Sq. Ft.

Asking Price per Sq. Ft.

$407

Total Building Size Sq. Ft.

3648

Commission Split %

2.0%

Cap Rate %

4.94%

Gross Annual Income

Net Operating Income

$73433

Gross Rent Multiplier

12.86

Operating Expenses

Annual Property Tax Rate for this property

1.25%

Property tax total amount

$18581

Property Location & Description

Listing Headline

For sale 6 units in Los Angeles , California. For additional information regarding this transaction , please contact the listing agent, Jordan Epstein 818-212-2799 Jordan.Epstein@marcusmillichap.com

Rent control

Rent Control

Property Description

6-unit multifamily investment property located at 11700 South Normandie Avenue in the 90044 zip code of Los Angeles. The 3,648 square foot subject property sits on a 8,112 square foot lot.

Location Description

close proximity to the 105 Freeway as well as multiple educational institutions such as Los Angeles Southwest College, Saint Frances X Cabrini Catholic School, and West Athens Elementary, making it a perfect living place for tenants with children, or those continuing their higher education.

No. of Units

Price per Unit

$247750

Units Mix

No.

Description

No. Units

Sq. Ft.

Avg. Mo. Rent

2+1

2+1 ( Section 8)

APN / Parcel ID

6079-008-025

Zoning

LCR3YY

Occupancy %

100%

Construction Type

Wood & Stucco

No. Stories

Year Built

1960

Overall Property Condition

Good

Highlights

Deferred Maintenance

Mostly Section 8 Tenants

All 2 Bedroom Units

Property Information

Sewer

Type of Sewer

Sewer System (Public)

Parking

Parking type

Off-street

# of Covered Parkings

Investment Overview

Type of use

Investor

Energy Efficiency

Energy Star Certified

How old is you cooling and heating system?

No Data

Efficiency rating

N/A

R-value

N/A

Windows single-pane?

Natural daylight

Appliances energy efficient

Roof

Neighborhood lifestyle

Lifestyle

Urban Core

More information

MLS URL of this listing to link to your own site or brokerage site

Listing Info

Listing ID: 2879

Sold

For Sale

$1,486,500

Listing Presented by

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11700 Normandie Avenue . South Los Angeles , CA 90044