This 5-unit turn-key apartment complex in Historic Filipinotown (HiFi) has been renovated literally down to the studs and is an incredible opportunity for an investor wanting passive income. The building includes two 2 bedroom/1.5 bath units, two 3 bedroom/1.5 bath units, and one 3 bedroom/2 bath unit. Centrally located, the property sits around the corner from Silver Lake, Echo Park, and DTLA and is a short distance from the ever-evolving MacArthur Park and LaFayette Park areas, as well as from Westlakes' hot entertainment spots along Beverly Blvd. Being within easy reach of the Metro Red and Purple lines and minutes away from the 101,110, and 2 freeways, this property includes 10 resident parking spaces with the potential for generating additional income. Priced to sell at $2,550,000, this property has a GRM 14.59 and 5.13% cap rate. With every conceivable amenity within reach, this property will surely shine as the crown jewel in your investor portfolio.
152 days
|
23
|
3
|
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 13
Bathrooms: 7
Heating
Forced air
Cooling
Central
Appliances
Included: Dishwasher, Dryer, Garbage disposal, Range / Oven, Refrigerator, Washer
Laundry: In Unit
Features
Common Walls, Turnkey, Detached/No Common Walls
Flooring: Hardwood, Laminate
Common walls with other units/homes: Attached
Interior area
Total interior livable area: 5,128 sqft
Property
Parking
Total spaces: 10
Features
Levels: Two
Has view: Yes
View description: City
Lot
Size: 7,505 Square Feet
Details
Parcel number: 5154014020
Construction
Type & style
Home type: MultiFamily
Condition
Updated/Remodeled
Year built: 1927
Utilities & green energy
Sewer: In Connected and Paid
Community & HOA
Location
Region: Los Angeles
Financial & listing details
Price per square foot: $268/sqft
Tax assessed value: $1,372,083
Annual tax amount: $17,462
Visit our professional directory to find a foreclosure specialist in your area that can help with your home search.
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.