Description
Price Reduced 100k! 75% Vacant 4 Fixer Units and preliminary plans to add 3 ADUs sitting on a large 8,000 SF R-3 Lot with Alley Access. This is a great value, priced at only 292k/door for mostly vacant units with a huge upside to a 9.4% Cap Rate and 8.9 GRM after renovations and 10.3% Cap Rate and 8.3 GRM on the proforma. Individually metered for Gas & Electricity. Excellent location minutes from Koreatown, DTLA, Crypto.com Arena, and LA Live. Potential to build 1 Attached Studio ADU in the basement plus 2 detached 2-stories 1,005 SF 4 Bed 2 Bath ADUs in the back
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18BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
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6,236SQFT
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$256$/SQFT
School Ratings & Info
Description
Price Reduced 100k! 75% Vacant 4 Fixer Units and preliminary plans to add 3 ADUs sitting on a large 8,000 SF R-3 Lot with Alley Access. This is a great value, priced at only 292k/door for mostly vacant units with a huge upside to a 9.4% Cap Rate and 8.9 GRM after renovations and 10.3% Cap Rate and 8.3 GRM on the proforma. Individually metered for Gas & Electricity. Excellent location minutes from Koreatown, DTLA, Crypto.com Arena, and LA Live. Potential to build 1 Attached Studio ADU in the basement plus 2 detached 2-stories 1,005 SF 4 Bed 2 Bath ADUs in the back
Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-25T15:43:13.483. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.