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    839 W 69Th Street

    Los Angeles (City), CA 90044
    • $725,000
    • STATUS: Active
    • ON SITE: 91 days
    • ID#: 21678684
    UPDATED: 50 min ago
    $725,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,799
      SQFT
    • $403
      $/SQFT
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    Description

    We are pleased to offer for sale this 4-unit multifamily investment opportunity. This is a current high yield 6% cap rate with approximately 35% rental upside. The offering consists of 3 detached buildings, totaling an actual 2,116 SF [county records reflect 1,799 sf, buyer to investigate with the City of LA for possible permits]. The extra long driveway takes you to the spacious backyard and 3 car garage. 2 of the units were recently renovated [new kitchen, laminate flooring, paint and more]. The investment will be delivered 100% occupied. This property is well situated near schools, parks, and public transportation.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T21:27:51.31. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
    www.mckeeregroup.com/homes/113184973
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    839 W 69Th Street Los Angeles (City), CA 90044

    • Price: $725,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: 21678684
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    1,799
    SQFT
    $403
    $/SQFT
    1929
    Built
    Neighborhood:
    C34 - Los Angeles Southwest
    County:
    Los Angeles
    Area:
    C34 - Los Angeles Southwest
    Property Description
    We are pleased to offer for sale this 4-unit multifamily investment opportunity. This is a current high yield 6% cap rate with approximately 35% rental upside. The offering consists of 3 detached buildings, totaling an actual 2,116 SF [county records reflect 1,799 sf, buyer to investigate with the City of LA for possible permits]. The extra long driveway takes you to the spacious backyard and 3 car garage. 2 of the units were recently renovated [new kitchen, laminate flooring, paint and more]. The investment will be delivered 100% occupied. This property is well situated near schools, parks, and public transportation.
    Exterior Features

    Garage Spaces 3.00 Lot Size Units Square Feet Parking Features Driveway - CombinationGarage - Three Door Parking Total 3.00 Parking YN Yes

    Interior Features

    Appliances DisposalMicrowaveRefrigeratorTrash Compactor Appliances YN Yes Heating None Heating YN No

    Property Features

    Country Us Gross Income 57168.00 Gross Multiplier 12.68 Gross Operating Income 56025.00 Net Operating Income 43495.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 12529.00 Zoning Lard2

    Listing provided courtesy of Davis Saadian of Brc Advisors- Bh


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-04-13T21:27:51.31. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Realty Masters & Associates. Licensed in the State of California, USA.
     
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    Realty Masters & Associates
    2900 Adams St #A-420
    Riverside CA, 92504