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

7

Building size

6,460 sqft

Lot size

5,150 sqft

Year built

1929

Stories

0

Heating

Natural Gas,Wall Furnace,Space Heater

Cooling

Wall/Window Unit(s)

Status

Active

Days on market

21

MLS #

247542072

About this property

Investor' s Prime location, just minutes away from Downtown LA, USC, BMO Stadium, George Lucas' Billion Dollar Museum, Thomas Jefferson High School and Exposition Park, where the 2028 Olympics will be held! The property consists of 7 large UNITS / 2 two story buildings , with an attractive combination of existing income and long-term upside, a great unit mix consisting of (4) 2 Bed / 1 Bath, (3) 1 Bed / 1 Bath units. Excellent in-place cash flow on day one, with the benefit of an additional of 35% upside in rents. POSITIVE cash on cash return with current rents. ESTIMATED 7.36 % cap rate, 9.21GRM. Electric and Gas utilities for both buildings are separately metered. Inside with an accepted offer. Fully occupied building , do not disturb tenants . call agent for ore information and Make an offer on the car form RIPA.

Location

4222 Hooper Avenue

Los Angeles, Los Angeles, CA, 90011