UPDATED:
12/23/2024 10:29 PM
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
MLS Listing ID PW24246777
HOA Y/N No
Year Built 1985
Lot Size 5,048 Sqft
Property Description
With significant upside potential, the property delivers an impressive 6.51% market CAP rate and 10.79 market GRM with potential to maximize income through eligible 8.9% rent increases for every unit. Priced at $375,000 per unit and $268 per square foot, it offers exceptional value with room for growth. There is also an appraisal on file in October 2024 for $1.771M.
Conveniently situated near the scenic Alondra Park Golf Course and just minutes from Manhattan Beach, this property's location adds to its tenant appeal. Don't miss this opportunity to invest in a high-demand South Bay area with strong long-term potential!
Location
State CA
County Los Angeles
Area 113 - South Lawndale
Zoning LNR3YY
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Garage
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Biking
Total Parking Spaces 6
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 4074008004
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
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Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960