1258 S Woods Avenue,Los Angeles, CA 90022
Los Angeles, CA 90022
Description
$50K PRICE REDUCTION! Actual 9.3 GRM/7.0% Cap Rate! 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!
Details
| MLS # | OC26157924 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1929 |
| Days On Site | 54 |
| Listing Provided By | Nohco Real Estate | Brian Noh |
Features
| SQ Feet | 4,186 |
|---|---|
| Garage | 6 |
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 2 |
| Acreage | 0.13 |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Interior Features | Ceiling Fans |
| Appliances | Gas Range, Refrigerator, Water Heater |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Rain Gutters |
|---|---|
| Roof | Spanish Tile |
| Security Features | Carbon Monoxide Detectors, Smoke Detectors |
| Construction Materials | Stucco |
| Foundation Details | Raised |
| Lot Features | Six To Ten Units Acre, Back Yard, Front Yard, Lawn |
| Fencing | Wrought Iron |
Parking
| Parking Features | Door Single, Garage, Garage Faces Rear |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Utilities | Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Curbs, Street Lights, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90022 |
| Area | 699 Not Defined |
| Listing VS Median (in 90022) | |
Price: $1,050,000 low | high Med: $989,500 sqft: 4,186 low | high Med: 4,680 $ / sqft: $251 low | high Med: $213 On site: 54 low | high Med: 266.5 | |
Market Activity 90022
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90022 |
| Area | 699 Not Defined |
| Listing VS Median (in 90022) | |
Price: $1,050,000 low | high Med: $989,500 sqft: 4,186 low | high Med: 4,680 $ / sqft: $251 low | high Med: $213 On site: 54 low | high Med: 266.5 | |
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