925 W 84th, Los Angeles, CA 90044
- $1,525,000
- List Price
- $1,525,000
- Status
- ACTIVE
- MLS#
- DW26176885
- Year Built
- 1915
- Lot Size
- 9,154
- Acres
- 0.21
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 16
- Property Type
- Multifamily
- Property Sub Type
- Apartment
Property Description
7-Unit Multifamily Investment Opportunity | Large Lot | Unit Mix of (One) 3-Bedroom/1-Bathroom Unit & (Six) 1-Bedroom/1-Bathroom Units | 4 of 7 Units Currently VACANT, Offering Significant Lease-Up & Value-Add Potential | Approximately $14,400/Month & $172,800/Year in Pro-Forma Gross Rental Income | 6.60% Pro-Forma Cap Rate | 8.82 Pro-Forma GRM | Approximately $217,857 Per Unit | 3 Units Currently Occupied & 4 Units Vacant | Significant Opportunity to Renovate, Lease Up & Stabilize the Property | Located in an Area Experiencing Continued Investment and New Development, Including The SEED School of Los Angeles County, South LA Cafe and Other Nearby Projects | Convenient Access to Major Transportation, Employment Centers, Schools, Retail & Amenities | Attractive Value-Add Opportunity for Investors Seeking Rental Upside and Long-Term Potential!
Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Sewer
- Public Sewer
- Attached Structure
- Detached
- Number Of Units Total
- 7
- Gross Scheduled Income
- $172,800
- Operating Expense
- 65563
Listing courtesy of Listing Agent: Sebastian Lopez (sebastian@theave.agency) from Listing Office: The Ave.
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