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Listed by Brian Noh, DRE #01438155 • Nohco Real Estate
$ 1,050,000
Est. payment /mo
Price Dropped by $50K
1258 S Woods AVE Los Angeles, CA 90022
5,464 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC26157924
Style Spanish
Year Built 1929
Lot Size 5,464 Sqft
Source California Regional MLS
Property 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!
Location
State CA
County Los Angeles
Area 699 - Not Defined
Rooms
Kitchen Oven Range - Gas, Refrigerator
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Laundry Gas Hookup, 30, Other
Exterior
Parking Features Garage
Garage Spaces 6.0
Pool 31, None
Roof Type Tile
Building
Foundation Raised
Water Hot Water, District - Public
Architectural Style Spanish
Others
Tax ID 5245013015
Special Listing Condition Not Applicable
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