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(951) 834-8780
Murrieta Pacific Real Estate & Mortgage
925 W 84th Street, Los Angeles, CA 90044
- $1,505,000
- 9
- BD
- 7
- BA
- 4,620
- SqFt
- List Price
- $1,505,000
- Status
- ACTIVE
- MLS#
- 26107798
- Year Built
- 1915
- Bedrooms
- 9
- Bathrooms
- 7
- Living Sq. Ft
- 4,620
- Lot Size
- 9,154
- Acres
- 0.21
- Lot Location
- Front Yard
- Days on Market
- 3
- Property Type
- Multifamily
- Stories
- One Level, Two Levels
Property Description
Remodeled 7-unit multifamily in South Los Angeles with income today and room to grow (PHOTOS COMING SOON). FOUR UNITS are VACANT (the 3-bedroom house plus three 1-bedrooms), so a new owner can lease up and set market rents on their own timeline with no rehab ahead, while three 1-bedroom units are occupied. TENANTS PAY GAS & ELECTRIC. Renovation includes new kitchens with shaker cabinets and stone counters, vinyl plank flooring, fresh paint, & LED lighting. One 3-bedroom/1-bath house and six 1-bedroom/1-bath units on a large 9,154 sq ft lot with 7 parking spaces and a communal laundry room. Pro-forma gross income is approximately $14,400/month ($172,800/year), a 6.55% pro-forma cap rate and 8.71 GRM. Near The SEED School of LA County, South LA Cafe, new developments, SOFI, Youtube Theatre, Intuit Dome, & The Kia Forum. Convenient access to the 110 and 105 freeways, Metro bus lines, and Metro rail for an easy commute across LA. Ideal for value-add investors, 1031 exchange buyers, first-time multifamily owners, and long-term holders. PER ZIMAS - LAR3 TOC Tier 3 Zoning.
Additional Information
- Appliances
- Refrigerator
- Heat
- Wall Furnace
- Cooling Description
- None
- School District
- Los Angeles Unified
- Attached Structure
- Detached
- Number Of Units Total
- 7
Listing courtesy of Listing Agent: Aaron Mejia (aaronmcmgmt@yahoo.com) from Listing Office: Christie's International Real Estate SoCal.
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.