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Listed by Kristopher German • RE/MAX 2000 REALTY
$ 1,525,000
Est. payment | /mo
3,377 SqFt
$ 1,525,000
Est. payment | /mo
3,377 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,377 sqft
Price per Sqft $451
MLS Listing ID CRCV25268258
HOA Y/N No
Year Built 1937
Lot Size 7,864 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
We are pleased to present for sale this turnkey 6-unit multifamily asset that delivers immediate cash flow with a 6.53% current CAP rate, 10.48 GRM, and rare seller financing offered at 40% down, 6.25% interest-only, due in 4 years, generating a projected 7% cash-on-cash return. The property consists of (2) renovated 2BD/1BA units and (4) renovated spacious 1BD/1BA units, with the majority being single-story construction-a feature highly preferred by renters and ideal for long-term durability. Each unit has been extensively upgraded with luxury finishes and includes individual washer/dryer hookups, enhancing tenant satisfaction and rental demand. Additional income and value-add potential come from (5) onsite garages-perfect for extra storage income or potential ADU conversions (Buyer to verify with city)-plus (3) open parking spaces. With strong in-place financials, modernized units, and flexible, attractive financing terms, this property is an exceptional opportunity for investors seeking stable cash flow, built-in upside, and a high-performing asset in a strong rental market.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Gas Dryer Hookup, Other
Exterior
View None
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227