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Divine Fog Realty San Diego
sandiegoadmin@divinefogrealty.com$ 1,200,000
Est. payment | /mo
9 Beds
7 Baths
4,620 SqFt
$ 1,200,000
Est. payment | /mo
9 Beds
7 Baths
4,620 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,620 sqft
Price per Sqft $259
MLS Listing ID 25538327
Bedrooms 9
HOA Y/N No
Year Built 1915
Lot Size 9,064 Sqft
Property Description
7-Unit Apartment on a Large 9,066-SF Lot | Located in the Rapidly Gentrifying & Revitalized Neighborhood of Los Angeles | 6.74% Current Cap Rate & 9.78 Current GRM | 9.72% Pro-Forma Cap Rate & 7.52 Pro-Forma GRM | Unit Mix of (One) 3-Bedroom/1-Bathroom House and (Six) 1-Bedroom/1-Bathroom Units | Rare LAR3 TOC Tier 3 Zoning - Build Up to 20 Units* | TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit | Located 3 Miles from SoFi Stadium, Youtube Theatre, The Forum & Intuit Dome (NBA Clippers Arena) | Tremendous Value-Add Opportunity - Approximately 30% in Rental Upside | Offered at $171,429 Per Unit & $260 Per SF | Total of 7 Parking Spaces
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAR3
Interior
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 7
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6032009016
Special Listing Condition Standard
Listed by Jonathan Nikfarjam • Shield CRE, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "