1258 S Woods Avenue, Los Angeles, CA 90022
List Price: $1.05M
Listing Status: Active
Original List Price: $1.1M
0Days on Market: 55
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1929
Lot Size: 5,464 sq ft
Garage Spaces: 6
MLS Number: OC26157924
About This Property
Actual Cap Rate / 9.3 GRM! This is a unique opportunity to acquire a 6 unit multifamily property located in unincorporated LA. 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 solid investment w/ 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.