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$ 4,195,000
Est. payment | /mo
14 Beds
14 Baths
5,334 SqFt
$ 4,195,000
Est. payment | /mo
14 Beds
14 Baths
5,334 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,334 sqft
Price per Sqft $786
MLS Listing ID 25519955
Bedrooms 14
HOA Y/N No
Year Built 1950
Lot Size 9,003 Sqft
Property Description
14 Renovated units cash flowing at an amazing current Cap Rate of 6% from day 1. attractive 2.6M assumable loan at an incredibly low rate of 3.9% fixed through 09/01/2027. Preliminary plans to add 20 new units to achieve an unheard 11.5% Cap Rate, 6.8 GRM, and only 173k/unit after taking into account all the construction costs (~1.7M assuming $250/SF). The preliminary plans call for 8 detached ADUs in the back + 5 attached ADUs in the front + 7 new units in the front for a total of 20 new units. The 14 existing units have undergone many capital improvements including updated roof, electrical, plumbing, windows, interiors, exteriors, etc.
Location
State CA
County Los Angeles
Area Pac - Pacoima
Zoning LAC2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Microwave
Exterior
Parking Features Gated, Unassigned
Total Parking Spaces 14
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 2537012024
Special Listing Condition Standard
Listed by Armin Soleimani • Global Platinum Properties, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "