Newly Listed

124 E 74TH ST Los Angeles, CA 90003

$1,339,000

Bedrooms

Total Baths

Full Baths

3,377

Square Feet

0.18

Acres

1927

Year Built

7 days

On Website

Active

Status

This property provides a great opportunity for an investor to acquire an asset providing high return and considerable future rental upside & ADU potential, The property offers 6 units, with mix of 4 x 2 bd + 1 bath and 2 x 1 bd + 1bath. with 6 separate Structure, Each 2bedroom unit is stand alone unit and no sharing wall, The back Building has 2 x 1 bd + 1bath on top of the 5 covered Garages and there is a detached 1 car Garage. Total monthly Actual Gross income $ 8,650, Yearly GOI $ 103,800, GRM 12.9 and 5.2 Cap rate, with 35 % upside potential or the Projected Market Cap Rate 7.08 % while the Market GRM 9.2 on projected Yearly income $145,200, , There are total of 6 covered Garages with ADU potential. It has been reported by the seller that tenants have been paying rents on time for the last 18 months.

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Details


Interior
Appliances
Disposal
Living Area
3,377 SqFt.

Building And Construction
Number Of Units Total
6
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1927

Exterior And Lot
Lot Size Acres
0.1768
Lot Size Square Feet
7702
Lot Size Units
Square Feet
Parking Total
5
Zoning
LAR1

Utilities
Heating
Wall Furnace

Area And Schools
City
Los Angeles
County Or Parish
Los Angeles

Financial Info
Buyer Agency Compensation
2%

Listing By Keller Williams Realty Westside – Eliza Kerndian

MLS# 21793552

Data Last Updated 10:14PM - 10/20/2021

California Regional MLS

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright© 2021 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright© 2021 California Regional Multiple Listing Service, Inc. All rights reserved.

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