Description
Huge 750k Price Reduction! 80% Empty 15-Unit Fixer with 12 Unoccupied units priced at only 194k/door with a 7.1% Cap Rate after renovations. Fully Approved RTI Plans to convert the current 5 Empty units into 10 available to rent units plus 2 ADUs in the back. Incredible Current Cap Rate of 7.1% and 10.7 GRM after renovations with 35% upside to 10.2% Cap Rate & 8 GRM on the proforma. Excellent up-and-coming location minutes from Banc of California Stadium, USC, & Inglewood. Individually metered for Gas & Electricity. Large 10,268 SF C2 Lot for future redevelopment. Price/Unit, Price/SF, Cap Rate & GRM are based on Total Price for sake of conservatism, which includes the remodeling cost of 10 Empty units 3,600 SF at 125/SF (450k) plus construction cost of 2 ADUs 850 SF at 250/SF (210k).
Location
Listing Agent: Jorge Lopez 01220063 Courtesy of: Universal Property Brokers "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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 1st February, 2023 11:52 AM (UTC)
