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Listed by: Julio Ruiz (818) 524-0706 DRE #01911261 | Global Platinum Properties, Inc. (424) 394-1030
$1,190,000
7 Beds
- 6 Baths
2,838sqft
1325 E Adams Blvd, Los Angeles, CA 90011
$1,190,000
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Multi Family
Built in 1924
$-- HOA
6,315 sqft lot
$419/sq.ft
Description
2nd Price Reduction! 6-unit value-add building with 12 parking spaces cash flowing at a 5.5% Cap Rate from day 1 with upside to a 10.6% Cap on Proforma! Almost RTI plans to add 6 detached ADUs to achieve an incredible 12.4% Current Cap Rate, 15.6% Proforma Cap, and only 154k/unit after taking into account all the construction costs (~670k assuming $250/SF). 3 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, new windows for all units, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime location just minutes away from Downto...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1924
HOA Fees
-
Finished Area
2,838 sqft
Lot Size
6,315 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
25629157
MLS Status
Active
Days on Market
3
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