1258 S Woods Avenue, Los Angeles, CA 90022
List Price: $1.1M
Listing Status: Active
0Days on Market: 7
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1929
Lot Size: 5,464 sq ft
Garage Spaces: 6
Private Pool: Yes
MLS Number: OC26157924
About This Property
Actual 9.9 GRM/6.3% Cap Rate! This is a unique opportunity to acquire a 6 unit multifamily property located in Unincorporated LA so it does NOT fall under city of LA RSO. Built in 1929, this Spanish style property is comprised of two separate buildings totaling 4,186sf and comprised of (6) large 1 bed/1 bath units, with decent layouts, full kitchen & bath, roomy bedroom, washer/dryer hookups, and One unit delivered Vacant and in rent ready condition. The current tenants have good rent histories, and the property offers a strong stabilized investment with built in upside in the rents in a high demand rental market. On a 5,464sf size lot zoned LC-R4, there a total of 6 garages in the rear w/ alley access, providing an ideal opportunity for an ADU conversion. Well located in East Los Angeles near multiple freeways, and near Citadel Outlets. This is a true Value Add Opportunity!
Listing provided by: Brian Noh DRE #01438155 213-804-7647 brian@nohco.com, Nohco Real Estate
Source: CRMLS, MLS #: OC26157924
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.