Property listed by Lyon Stahl Investment Real Estate, Inc., Shaya Lowenstein 310-425-9838
$1,775,000
Incredible opportunity in a prime Los Feliz adjacent location. Large property of close to 12,000 SF of land, offers many opportunities. There are currently 8 units spread over 3 bungalow style structures with 8 on site parking spaces. With a current cap rate of 5.89% and approximately 42% upside… Read More in existing rents, offering a cap rate of 9.4% at market rents. The large lot has potential for up to 6 ADUs or more, which would raise the cap rate to above 10%! Tenants pay their own trash, keeping expenses low. The large lot, zoned LAR3 also offers potential for ground up development. Read Less
Listing Snapshot
Days Online
36
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,532
Lot Size
0.27 Acres
Year Built
1924
MLS Number
25539067
30 Days Snapshot Of 90027
$2.80M
+40%
(avg) sold price
12
-42%
homes sold
90
+52%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal
Building
Built in 1924, Building area total: 5,532, Levels: Two, Living area: 5532, 2 stories, 3 buildings
Cooling
None
Expenses
Electric expense: $1,200, Gardener expense: $1,200, Insurance expense: $5,000, Maintenance expense: $4,000, New taxes expense: $20,500, Water sewer expense: $6,000
Income
Gross income: $148,476, Net operating income: $104,576
Lot
0.2667 acres, 11,616 square feet, Size: 11,616
Parking
8 totals parking, Driveway
Property
Zoning: LAR3-1, CityLights, Mountains
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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