149 W Colden Ave, Los Angeles, CA 90003

Property Description

2017 Construction! No Rent Control! 149 W Colden Ave is a FULLY VACANT 2-unit multifamily investment opportunity in one of Los Angeles' fastest growing neighborhoods, offered at $1,060,000. Upon stabilization, the property is projected to achieve an attractive 6.68% Cap Rate and a 11.04 GRM. In-place rents are at or near market, offering immediate, stabilized cash flow. Built in 2017, the property totals approximately 3,729 SF on a 5,840 SF lot ($284/SF). The property features a unit mix of (2) 5+3, with 6 on- site parking spaces. Both units will be delivered fully vacant and move-in ready, allowing a new owner to lease at market rents immediately without the challenges of tenant relocation. Once fully leased, the property is projected to generate $8,000 in scheduled monthly rental income. Whether for an investor seeking strong cash flow or an owner- user looking to occupy a unit while maximizing rental income from the remaining unit, 149 W Colden offers exceptional flexibility and upside. 149 W Colden Ave is well positioned in Los Angeles, CA 90003, close to major employment centers, retail corridors and transit, in a rental market characterized by consistent demand and long-term appreciation.