Description
Huge 750k Price Reduction! 80% Empty 15-Unit Fixer with 12 Unoccupied units priced at only 194k/door with a 7.1% Cap Rate after renovations. Fully Approved RTI Plans to convert the current 5 Empty units into 10 available to rent units plus 2 ADUs in the back. Incredible Current Cap Rate of 7.1% and 10.7 GRM after renovations with 35% upside to 10.2% Cap Rate & 8 GRM on the proforma. Excellent up-and-coming location minutes from Banc of California Stadium, USC, & Inglewood. Individually metered for Gas & Electricity. Large 10,268 SF C2 Lot for future redevelopment. Price/Unit, Price/SF, Cap Rate & GRM are based on Total Price for sake of conservatism, which includes the remodeling cost of 10 Empty units 3,600 SF at 125/SF (450k) plus construction cost of 2 ADUs 850 SF at 250/SF (210k).
Location
Similar Listings
MLS# 22222893
ACTIVE
$2,585,000
3 Beds
4 Baths
Listing Agent: Regina Vannicola
Courtesy of: Compass
MLS# 22218773
ACTIVE
$2,585,000
3 Beds
4 Baths
Listing Agent: Regina Vannicola
Courtesy of: Compass
MLS# PW22243307
ACTIVE
$2,584,995
5 Beds
7 Baths
Listing Agent: Graig Lee
Courtesy of: Toll Brothers Real Estate, Inc
MLS# PW22259541
ActiveUnderContract
$2,583,000
5 Beds
6 Baths
Listing Agent: Crystal Glenning
Courtesy of: Compass
MLS# OC22255117
ACTIVE
$2,580,000
5 Beds
7 Baths
Listing Agent: Qian Meng
Courtesy of: JC Pacific Capital Inc.
MLS# 220012948SD
ACTIVE
$2,580,000
2 Beds
2 Baths
Listing Agent: Kathleen Connor
Courtesy of: Pacific Sotheby's Int'l Realty
MLS# PW22197577
ACTIVE
$2,579,900
Listing Agent: Steve Vong
Courtesy of: First American Team Realty Inc
MLS# PW22226379
ACTIVE
$2,579,888
5 Beds
5 Baths
Listing Agent: Ede Costa
Courtesy of: BHHS CA Properties
MLS# IV22167547
ACTIVE
$2,579,000
6 Beds
8 Baths
Listing Agent: MOHAMMAD ASHRIF
Courtesy of: GLOBAL REALTY CAPITAL INC.
MLS# CV22194844
ACTIVE
$2,579,000
Listing Agent: Waldin Gonzalez
Courtesy of: VYLLA HOME
MLS# OC22245787
ACTIVE
$2,575,000
3 Beds
4 Baths
Listing Agent: Erin O'Connor
Courtesy of: Polaris Pacific
MLS# IV22139810
PENDING
$2,575,000
Listing Agent: KATHERINE JANKOWSKI
Courtesy of: LK & ASSOCIATES, INC
No similar listings found
Unfortunately, we don't have any similar listings at the moment. Please remove or change some of the selected filters.
Listing Agent: Jorge Lopez Courtesy of: Universal Property Brokers The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 3rd February, 2023 6:25 PM (UTC)
