Investment Highlights: 30%+ Rental Upside, Half of units considerably under-market presenting a great opportunity to improve income. Repositioned + Value-Add ~50% of units upgraded with modern finishes, remaining units primed for cosmetic improvements. Walk Score of 92 "Walker's Paradise" designation with immediate access to shopping, transit, and… Read More Koreatown nightlife. Upgraded Systems New plumbing, electrical panels and windows help to reduce future CapEx exposure. RUBS Implementation: Recovers water/sewer and trash expenses for most renovated units. Large Corner Lot situated on a double lot located on the corner of Mariposa Ave and 4th Street. This quiet residential pocket is blocks from 6th St and Koreatown's commercial core. 24 Parking Spaces Provides plenty of rare off-street parking advantage in a dense, transit-friendly urban core. LAR4 Zoning Adds long-term development or repositioning options in a rapidly evolving corridor. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Mark Ventre 310-425-9838
Listing Snapshot
Days Online
0
Last Updated
Beds
16
Square Ft.
16,736
Lot Size
0.35 Acres
Year Built
1956
MLS Number
26654767
Additional Details
Appliances & Equipment
Dishwasher, Disposal, Microwave, Refrigerator
Building
Built in 1956, Living area: 16736.0, 1 building, Building faces West, Levels: Two
Community
Gated
Cooling
WallWindowUnits
Heating
WallFurnace
Income
Gross Income: $469,438, Net Operating Income: $271,093
Interior Features
CeilingFans
Lot
0.3461 acres
Parking
24 total parking spaces, Covered, Gated, SharedDriveway, SideBySide
Property
UpdatedRemodeled
Security Features
GatedCommunity
Taxes
Parcel Number: 5502014008, Zoning: LAR4
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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