See all 8 photos
8 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,895,000
Est. payment /mo
8,847 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Pending
Purchase Type For Sale
MLS Listing ID PW25264097
HOA Y/N No
Year Built 1958
Lot Size 8,847 Sqft
Property Sub-Type Apartment
Property Description
We are pleased to present this well-maintained 10-unit asset delivering exceptionally high day-one cash flow, with an over 9% CAP rate and an ultra-low 7.14 GRM—a true turnkey, low-touch investment. The property is fully occupied, providing immediate income with no lease-up risk. Many units are updated, all are separately metered with individual water heaters, and RUBS can be easily implemented to further boost returns.
Built in 1958, the building offers 6,336 sq. ft. of rentable space on an oversized 8,847 sq. ft. lot, with an ideal mix of four (2BR/1BA) and six (1BR/1BA) units. Recent upgrades include a new roof (May 2025), fresh exterior paint, and a clean SCEP inspection guaranteeing no reinspection for years. Ten on-site parking spaces enhance tenant appeal.
Located in a high-demand Los Angeles corridor with excellent freeway and transit access, this property offers strong in-place income, minimal expenses, and stable operations—a rare chance to acquire a high-cash-flow, turnkey asset in a prime rental market.
Built in 1958, the building offers 6,336 sq. ft. of rentable space on an oversized 8,847 sq. ft. lot, with an ideal mix of four (2BR/1BA) and six (1BR/1BA) units. Recent upgrades include a new roof (May 2025), fresh exterior paint, and a clean SCEP inspection guaranteeing no reinspection for years. Ten on-site parking spaces enhance tenant appeal.
Located in a high-demand Los Angeles corridor with excellent freeway and transit access, this property offers strong in-place income, minimal expenses, and stable operations—a rare chance to acquire a high-cash-flow, turnkey asset in a prime rental market.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Fireplace No
Laundry None
Exterior
Parking Features Assigned
Pool None
Community Features Sidewalks
Total Parking Spaces 10
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6088002005
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Read Less Info
Listed by Matias Stofenmacher Edgestone Real Estate, Inc. 818-464-5707
Get More Information