Commercial For Sale | Multifamily | Apartment building / Low Rise / Garden Style / 1-3 stories high
151 South Mountain View Avenue . Los Angeles , CA 90057
For sale 10 Unit building with 4 fully renovated vacancies with permits in trendy Historic Filipino Town area near Echo Park priced at only 239k/door. For more information contact listing agents, Listed by Armin Soleimani •DRE #01846872 • Global Platinum Properties, Inc. •310-666-2246 (agent) •arminsoleimani@gmail.com (agent) Listed by Julio Ruiz •DRE #01911261 • Global Platinum Properties, Inc. •ziuroiluj@gmail.com (agent
Posted: 04/28/2023 2:29 pm
| On HOMEiZ: 369 days |
Updated: 2 weeks ago
| Views: 625
Location Map
Property Type
Price reduced
Property Price
$1950000
$
N/A
6,366.00
Sq. Ft.
$298
6536
2.5%
5.00%
$0
$97500
13.60
1.25%
$24375
Property Location & Description
For sale 10 Unit building with 4 fully renovated vacancies with permits in trendy Historic Filipino Town area near Echo Park priced at only 239k/door. For more information contact listing agents, Listed by Armin Soleimani •DRE #01846872 • Global Platinum Properties, Inc. •310-666-2246 (agent) •arminsoleimani@gmail.com (agent) Listed by Julio Ruiz •DRE #01911261 • Global Platinum Properties, Inc. •ziuroiluj@gmail.com (agent
Rent Control
Value-Add 10 Unit building with 4 fully renovated vacancies in the Historic
Filipino Town priced at only 239k/door. Amazing Current Cap Rate of 5%
and 13.6 GRM with an incredible 65% upside to 9.6% Cap Rate and 8.2 GRM
on the proforma. All units are individually metered for Electricity, Gas, and
tenants pay for Trash. Rare 8 vacant single Car Garages for additional
income and ADU potential. Preliminary plans to add 2 Attached ADUs in the
garages which will eliminate/reduce the soft-story scope of work and cost.
Easy to rent unit mix consisting of 10 large (1 bed/1 bath) units. The 4
vacant units have been fully remodeled with permits and boast new
modern cabinets, flooring, lighting, new bathrooms, and major exterior
improvements.
Value-Add 10 Unit building with 4 fully renovated vacancies in the Historic
Filipino Town priced at only 239k/door. Amazing Current Cap Rate of 5%
and 13.6 GRM with an incredible 65% upside to 9.6% Cap Rate and 8.2 GRM
on the proforma. All units are individually metered for Electricity, Gas, and
tenants pay for Trash. Rare 8 vacant single Car Garages for additional
income and ADU potential. Preliminary plans to add 2 Attached ADUs in the
garages which will eliminate/reduce the soft-story scope of work and cost.
Easy to rent unit mix consisting of 10 large (1 bed/1 bath) units. The 4
vacant units have been fully remodeled with permits and boast new
modern cabinets, flooring, lighting, new bathrooms, and major exterior
improvements.
10
$195000
No.
Description
No. Units
Sq. Ft.
Avg. Mo. Rent
1.
1+1
10
$1288
2.
3.
4.
5.
5154-006-009
LAC2
60%
Wood & Stucco
2
1954
Excellent
• Amazing Current Cap Rate of 5% and 13.6 GRM with an incredible 65% upside to 9.6% Cap Rate and 8.2 GRM on the proforma
• Easy To Rent Unit Mix of 10 large (1bed/1bath) units which maybe reconfigured for additional bedrooms
• Easy To Rent Unit Mix of 10 large (1bed/1bath) units which maybe reconfigured for additional bedrooms
• Preliminary plans to add 2 attached ADUs in the Garages which will eliminate/reduce soft-story scope of work and cost
• Rare 8 Vacant single Car Garages for additional income and ADU potential
Property Information
Sewer
Sewer System (Public)
Parking
Off-street
On-street
10
Investment Overview
Investor
Energy Efficiency
No
No Data
N/A
N/A
No
No
No
No
Neighborhood lifestyle
Urban Core
More information
Listing Presented by
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