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$1,890,000
Est. payment /mo
8 Beds
8 Baths
6,174 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26146922
Bedrooms 8
Lot Size 6,174 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Prime West Los Angeles 5-unit multifamily investment opportunity offered at $1,890,000. Located in the desirable 90025 submarket, this fully occupied property features an attractive unit mix consisting of one 1-bedroom/1-bathroom unit, three spacious 2-bedroom/2-bathroom units with private balconies, and a rare downstairs 3-bedroom/2.5-bathroom unit with access to a backyard patio. The property offers 9 on-site parking spaces and meaningful rental upside driven by long-term tenancy and below-market in-place rents. Current operations generate an approximately 4.4% cap rate, with pro forma operations supporting an approximately 6.5% cap rate and 9.6 GRM based on stated assumptions. The mandatory soft-story seismic retrofit has been completed and city-approved. Ideally located near Sawtelle Japantown, UCLA, Westwood, Century City, Santa Monica, and major Westside employment centers, with convenient access to the I-405 and I-10 freeways. Potential ADU and longer-term redevelopment opportunities may exist; Buyer to independently investigate and verify all development potential and governmental requirements. Property is fully occupied. Please do not disturb tenants. Offering Memorandum and additional property information available through the Listing Agent.
Location
State CA
County Los Angeles
Zoning Assessor
Direction South of Santa Monica Blvd. East of Sepulveda Blvd.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 4323023035
Acceptable Financing Cash
Listing Terms Cash
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Listed by Bernie Leibovitch, DRE#00897501 Rodeo Realty
Nearby Locations
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HomeSmart Realty West
Broker | License ID: DRE#1905908
Broker License ID: DRE#1905908




