Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

3

Building size

3,347 sqft

Lot size

7,545 sqft

Year built

1915

Stories

2

Cooling

Wall/Window Unit(s)

Status

Active

Days on market

166

MLS #

241812609

About this property

7% Cap. Great mixed use income property on a large 7545 sq.ft. corner lot. Ground floor unit on Holmes ave. is a mini market tenant that has beer & wine license. The market is currently paying $2916.50 per month and has appr. 2 years remaining on their 5 year lease with a 5 year option with rent increase each year. There are also two residential tenants on the 2nd floor : There is a 2 bedroom/1 bath unit paying $1591 per month & $50 per month to park an extra car. The 1 Bedroom/1 bath unit is paying $1660 per month plus $150 per month for renting 1 garage storage space. Owner pays for Water. There are two storage garages on the lot. One is being used by the 2 bedroom unit tenant and one is being used by 1 bedroom unit tenant. There is also a advertising sign on the side of the building that the owner receives a few hundred dollars per year. Appr. $6400 gross income per month. Great for long term hold and/or possibility of adding additional units on the property. Also great for a 1031 Exchange. Buyer and/or Buyers agent to check for themselves as to what can be built there. Property is currently under the County of Los Angeles.

Location

6525 Holmes Avenue

Los Angeles, Los Angeles, CA, 90001