601 W 77th Street

    Los Angeles (City), CA 90044
    • $1,250,000
    • STATUS: Active
    • ON SITE: 177 days
    • ID#: SB19207366
    UPDATED: 27 min ago
    $1,250,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,704
      SQFT
    • $337
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    Beautifully remodeled 5-unit building located at 601 W. 77th St. Property is currently operating at an astounding 6% Cap Rate with top of the market rents!The property has a strong unit mix, with all five units having 2-bedrooms and 1-bathroom. The front unit is a large house separated from the remaining units, currently receiving $2,100 a month, while the remaining back units operate at $1,825 per month. The interiors of each unit have all brand-new cosmetics with clean finishes, while the exterior has a fresh layer of paint and new windows. The driveway and patio areas have been fully repaved and landscaped, giving the property extra charm.With one of the highest cap rates on the maret, this is the perfect investment for any buyer looking to own property with more than stable cash flow and little to no maintenance required.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-23T17:27:33.6. 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/98477547

    601 W 77th Street Los Angeles (City), CA 90044

    • Price: $1,250,000
    • Status: Active
    • Updated: 27 min ago
    • ID#: SB19207366
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    3,704
    SQFT
    $337
    $/SQFT
    1924
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Beautifully remodeled 5-unit building located at 601 W. 77th St. Property is currently operating at an astounding 6% Cap Rate with top of the market rents!The property has a strong unit mix, with all five units having 2-bedrooms and 1-bathroom. The front unit is a large house separated from the remaining units, currently receiving $2,100 a month, while the remaining back units operate at $1,825 per month. The interiors of each unit have all brand-new cosmetics with clean finishes, while the exterior has a fresh layer of paint and new windows. The driveway and patio areas have been fully repaved and landscaped, giving the property extra charm.With one of the highest cap rates on the maret, this is the perfect investment for any buyer looking to own property with more than stable cash flow and little to no maintenance required.
    Exterior Features

    Garage Spaces 2.00 Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 2.00 Pool Features None Pool Private YN No Property Attached YN No

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Dryer IncludedWasher Included

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 6.00 Community Features CurbsGuttersSidewalksStreet LightsSuburban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 113700.00 Gross Scheduled Income 113700.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 75024.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Operating Expense 32991.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 32991.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. and Parker Boehle of Lyon Stahl Investment Real Estate, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-02-23T17:27:33.6. 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.

     
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