Courtesy of: Matias Stofenmacher, Edgestone Real Estate, Inc., ms@edgestonere.com
Courtesy of: Matias Stofenmacher, Edgestone Real Estate, Inc., ms@edgestonere.com
$1,899,000
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12 bed
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11.00 Bath (11 Full)
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Lot: 0.22 Acres
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Apartment
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$1,899,000
1377 W 112th Ten apartments totaling 6, 258 square feet sit on a 9, 442 square foot corner lot. The mix is eight 1 bedroom, 1 bathroom units, one 2 bedroom, 1 bathroom unit and one 2 bedroom, 2 bathroom unit, which is currently vacant. Built in 1960, the building has a new roof, which takes one of the biggest capital items off the buyer's list. Located in unincorporated Los Angeles County, the property is outside the City of Los Angeles Rent Stabilization Ordinance and the Systematic Code Enforcement Program, and is not served by LADWP. Priced at an 8.49% CAP rate and an 8.47 GRM on scheduled rents, with a pro forma CAP rate of 9.32%. Nine of the ten units are occupied, and the vacant 2 bedroom, 2 bathroom gives a buyer the choice to move in or lease it at today's rents. The location is two blocks from Imperial Highway, with the 105 and 110 freeways close by for access to Downtown Los Angeles, LAX and the South Bay. The Metro C Line Vermont/Athens station is under a mile away.
Courtesy of: Matias Stofenmacher, Edgestone Real Estate, Inc., ms@edgestonere.com
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