4555 N Figueroa Street

    Los Angeles (City), CA 90065
    • $3,450,000
    • STATUS: Active
    • ON SITE: 98 days
    • ID#: 19529836
    UPDATED: 14 min ago
    $3,450,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1908
    County:

    School Ratings & Info

    Description

    The property boasts a phenomenal unit mix of 7 studios, 7 one bedroom/one bath units, and one 1+1 single family home. Common area amenities include an oversized parking lot, laundry room, and an abundance of open landscaped common area. A prime location and true value add deal is being offered at $3,450,000. Currently a 4.67% cap rate and a GRM of 14.65 with a pro forma cap rate of 6.92% and a GRM of 10.85. Three units will be delivered vacant including a private single family home. The rental income is approximately 35% below fair market value.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-20T16:32:07.987. 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 deemed reliable but is not guaranteed accurate by the MLS or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

    www.livelovethefoothills.com/homes/100908122

    4555 N Figueroa Street Los Angeles (City), CA 90065

    • Price: $3,450,000
    • Status: Active
    • Updated: 14 min ago
    • ID#: 19529836
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1908
    Built
    Neighborhood:
    632 - Highland Park
    County:
    Los Angeles
    Area:
    632 - Highland Park
    Property Description
    The property boasts a phenomenal unit mix of 7 studios, 7 one bedroom/one bath units, and one 1+1 single family home. Common area amenities include an oversized parking lot, laundry room, and an abundance of open landscaped common area. A prime location and true value add deal is being offered at $3,450,000. Currently a 4.67% cap rate and a GRM of 14.65 with a pro forma cap rate of 6.92% and a GRM of 10.85. Three units will be delivered vacant including a private single family home. The rental income is approximately 35% below fair market value.
    Exterior Features

    Direction Faces North Parking Features Oversized Parking YN Yes

    Interior Features

    Cooling None Cooling YN No

    Property Features

    Additional Parcels YN No Gross Income 235488.00 Gross Multiplier 14.65 Gross Operating Income 230778.00 Insurance Expense 6071.00 Laundry Income 175.00 Maintenance Expense 4000.00 Net Operating Income 161165.00 Professional Management Expense 6000.00 Senior Community YN No Special Listing Conditions Standard Trash Expense 8317.00 Zoning Lard1.5

    Listing provided courtesy of Daniel Hirth of Keller Williams-Santa Monica


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-20T16:32:07.987. 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 deemed reliable but is not guaranteed accurate by the MLS or The Costantino Group | Cal American Homes and Realty. Licensed in the State of California, USA.

     
    The Costantino Group | Cal American Homes and Realty
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    Claremont CA, 91711