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124 E 74Th St

Los Angeles, CA 90003
  • $1,339,000
  • STATUS: Active
  • ON SITE: 47 Days
  • MLS #: 21-793552
$1,339,000
  • 10
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,377
    SQFT
  • $397
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1927
County:

School Ratings & Info

Description

This property provides a great opportunity for an investor to acquire an asset providing high return and considerable future rental upside & ADU potential, The property offers 6 units, with mix of 4 x 2 bd + 1 bath and 2 x 1 bd + 1bath. with 6 separate Structure, Each 2bedroom unit is stand alone unit and no sharing wall, The back Building has 2 x 1 bd + 1bath on top of the 5 covered Garages and there is a detached 1 car Garage. Total monthly Actual Gross income $ 8,650, Yearly GOI $ 103,800, GRM 12.9 and 5.2 Cap rate, with 35 % upside potential or the Projected Market Cap Rate 7.08 % while the Market GRM 9.2 on projected Yearly income $145,200, , There are total of 6 covered Garages with ADU potential. It has been reported by the seller that tenants have been paying rents on time for the last 18 months.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-30T23:43:16.143. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/122381479
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124 E 74Th St Los Angeles, CA 90003

  • Price: $1,339,000
  • Status: Active
  • On Site: 47 Days
  • MLS #: 21-793552
10
Beds
0
Baths
0
½ Baths
0.18
Acres
3,377
SQFT
$397
$/SQFT
1927
Built
Neighborhood:
Metropolitan South
County:
Los Angeles
Area:
Metropolitan South
Property Description
This property provides a great opportunity for an investor to acquire an asset providing high return and considerable future rental upside & ADU potential, The property offers 6 units, with mix of 4 x 2 bd + 1 bath and 2 x 1 bd + 1bath. with 6 separate Structure, Each 2bedroom unit is stand alone unit and no sharing wall, The back Building has 2 x 1 bd + 1bath on top of the 5 covered Garages and there is a detached 1 car Garage. Total monthly Actual Gross income $ 8,650, Yearly GOI $ 103,800, GRM 12.9 and 5.2 Cap rate, with 35 % upside potential or the Projected Market Cap Rate 7.08 % while the Market GRM 9.2 on projected Yearly income $145,200, , There are total of 6 covered Garages with ADU potential. It has been reported by the seller that tenants have been paying rents on time for the last 18 months.
Exterior Features

Carport Spaces Total 2 Covered Parking 5 Lot Size Area 7702 Other Structures Other Parking Garage Garage Total Parking 5

Interior Features

Baths Total 6.00 Cooling Other Equipment CableGarbage Disposal Flooring Mixed Heating Wall

Property Features

Gross Income 103800 Gross Operating Income 103800 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 67470.00 Number Of Buildings 6 Number Of Units 6 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 36330 Type Of Units Income Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar1

Listing provided courtesy of Eliza Kerndian DRE#01398836 of Keller Williams Realty Westside.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-30T23:43:16.143. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Zwemmer Realty Group | Keller Williams Realty
75486 Augusta Drive
Indian Wells CA, 92210