This legacy property is the Best Value in Reynier Village at $227k Per Unit, $232 PSF and 11.67 times Gross !! It has been in the family for 51 years, and professionally managed for decades. The location is prime. It's just a few blocks from Kaiser West LA, Culver City Arts District, HBO, Apple, Amazon Studios, etc. The unit mix is ideal with (3) 2BR/1BA, and (6) 1BR/1BA. There is over 50% upside on potential rent. The building has been well maintained. A brand new electrical service panel was installed last year with permits, and EQ retrofit has been completed. There are 9 parking spaces and secure entry for the tenants safety and convenience. The property is being sold in conjunction with 2038 Holt St., and be purchased together or separately. Don't miss this one!
MLS# | 25533663 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Pending |
Year | 1957 |
Days On Site | 19 |
Listing Provided By | Lyon Stahl Investment Real Estate, Inc. 310-425-9838 | Keith Moret |
Bed(s) | 12 |
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Bath(s) | 9 |
SQ Feet | 8,814 |
Story(s) | 2 |
Units | 9 |
Building(s) | 1 |
Zoning | LARD1.5 |
Acreage | 0.17 |
State | CA |
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County | Los Angeles |
City | Los Angeles |
Zip Code | 90034 |
Area | C09 Beverlywood Vicinity |
Listing VS Median (in 90034) | |
Price: $2,050,000 low | high Med: $625,000 SqFt: 8,814 low | high Med: 1,193 $ / SqFt: $233 low | high Med: $524 On site: 19 low | high Med: 63.000000 |