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

4

Building size

2,544 sqft

Lot size

5,864 sqft

Year built

1959

Stories

2

Garage spaces

0

Style

Traditional

Heating

Natural Gas

Cooling

None

Pool

None

Status

Active

Days on market

102

MLS #

244257789

About this property

Exceptional Value-Add Fourplex with Vacant Unit! Excellent owner-user or investment opportunity featuring four spacious 2-bedroom, 1-bath units, including one vacant unit available for immediate occupancy or future rental income. Live in one unit while collecting income from the remaining three, or lease the vacant unit to maximize income potential. The remaining three units are currently tenant occupied, providing existing in-place income. Pride of ownership is evident with a freshly painted exterior, secure gated entry, covered and additional on-site parking, drought-tolerant landscaping, and separate gas and electric meters. Ideally situated directly across from a neighborhood park and convenient to shopping, schools, public transportation and major freeways.Situated on an approximately 5,864 SF LCR3YY-zoned lot, the property offers additional value-add potential, including possible ADU/development opportunities, subject to buyer investigation and City approval.Four 2BR/1BA units + one unit vacant + existing income from three occupied units = a compelling opportunity for an owner-user, investor or 1031 exchange buyer.Vacant unit available to show. Please do not disturb occupants. Buyer to independently verify rents, square footage, permits, zoning, rent-control status, financing eligibility and development potential.

Location

6214 Hooper Avenue

Los Angeles, Los Angeles, CA, 90001