$1,850,000
$1,895,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
7,496 Sqft Lot
SOLD DATE : 04/07/2025
Key Details
Sold Price $1,850,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR24253114
Sold Date 04/07/25
HOA Y/N No
Year Built 1947
Lot Size 7,496 Sqft
Property Sub-Type Apartment
Property Description
Drastically reduced price! Now offering a 5.8% cap rate with room for even greater returns. Incredible value-add opportunity! This fully renovated four-unit property comes with RTI permits for two additional units, maximizing its potential. Each existing unit features 2 bedrooms and 1 bath, with top-to-bottom upgrades including new plumbing, electrical, modern heating & A/C systems, and tankless water heaters. Brand-new doors, windows, and flooring complete the transformation.
Every unit is equipped with in-unit laundry, a dishwasher, stove, oven, microwave, and refrigerator. The property also offers off-street parking and individually metered gas and electricity for each unit. Approved plans allow for two additional units at the rear—a 1-bedroom, 1-bath, and a 2-bedroom, 1-bath—providing even more income potential.
An existing garage structure presents further opportunities—convert it to additional units, utilize it for parking, or reimagine it for increased revenue. With strong rental income already in place, this is a prime investment with no waiting period for returns. Don't miss your chance to capitalize on this exceptional real estate opportunity!
Location
State CA
County Los Angeles
Area C09 - Beverlywood Vicinity
Zoning LAR3
Interior
Heating Ductless
Cooling Ductless
Flooring Laminate
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Gas Cooktop, Disposal, Microwave, Refrigerator, Tankless Water Heater, Dryer, Washer
Exterior
Parking Features Driveway
Pool None
Community Features Suburban, Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected
View Y/N Yes
View Neighborhood
Roof Type See Remarks
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5065010025
Acceptable Financing Cash to New Loan, Conventional
Listing Terms Cash to New Loan, Conventional
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Sihin Tessema AIE Realty Inc
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