6-unit value-add building with 12 parking spaces cash flowing at a 5% Cap Rate from day 1 with upside to a 9.7% Cap on Proforma! Preliminary plans to add 6 detached ADUs to achieve an incredible 11.7% Current Cap Rate, 14.8% Proforma Cap, and only 163k/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 Downtown LA, USC, BMO Stadium, George Lucas' Billion Dollar Museum, and Exposition Park where 2028 Olympics will be held!
Property Type(s):
Commercial
|
Last Updated
|
8/1/2025
|
Year Built
|
1924
|
|
County
|
Los Angeles
|
Additional Details
| GARAGE |
Other |
| HEAT |
Wall Furnace |
| LOT |
6534 sq ft |
| PARKING |
Other |
| ZONING |
LARD |
Listing provided by Julio Ruiz | 818-524-0706Global Platinum Properties, Inc.
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Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 8/2/25 2:13 AM PDT.
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