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4032 STEVELY AVE, Los Angeles, California

$1,995,00018 Beds17 BathsActive

4032 STEVELY AVE, Los Angeles, California 90008
- MLS® ID: 18309028

Property Details

4032 STEVELY AVE, Los Angeles, California 90008 - Great investment opportunity to own 9 X 2 bedroom units. Over 9,746 sq. ft. building on 8,100 sq. ft. R3 zoned lot. 30 % upside rent potential, Actual monthly rent: $12,980, Yearly GOI: $155,760, Current GRM: 12.8 - Market rent: $1,900/unit - Performa Yearly GOI: $205,200- Price per sq. ft.: $205 Building presents well, , 6 % cap rate, all units individually metered for Electricity and gas, 7 parking spaces, and a community laundry room, Camera system. 4 units close to Market rent $1800-$1920 and 5 units average $ 1100 monthly. The building is situated close to the Baldwin Hills Crenshaw Plaza, an existing shopping center with approved plans to be redeveloped into 961 residential units, 300,000 square feet of retail and restaurant space, a 10-story office building, and a 400-room hotel. Also within one block is the brand new Kaiser Permanent facility slated to open late 2017 after a $90 million investment in construction costs.

Amenities

  • Zip90008
  • CountyLos Angeles
  • SQFT9746
  • Bedrooms18
  • Full baths17.00
  • StatusActive
  • Purchase TypeActive
  • Property typeMulti-Family
  • Zoning typeLAR3
  • Year built1958
  • Lot size8101
  • HeatingWall Heater
  • CoolingAir Conditioning
  • Parking7
  • MLS® ID18309028

Listing Courtesy of Keller Williams Rlty Westside

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