1246 W 96th Street, Los Angeles, CA, 90044

  • $720,000
  • $720,000
1246 W 96th Street , Los Angeles, CA 90044
Active For Sale
1246 W 96th Street , Los Angeles, CA 90044
  • $720,000
  • $720,000

Description

We are pleased to present this great opportunity to invest in an add-value triplex in the County Strip of Los Angeles. The property consists of a four bedroom – two bath front unit and a rear building containing 2 two bedroom – one bath units. The total square footage of the property is 2,808 and it sits on a large 7,154 square foot lot, which is zoned LCR320U. The four bedroom is currently vacant providing the new owner the ability to upgrade the unit and obtain market value. The 2 two bedrooms are currently renting for $1,133 and $1,300 respectively. Once the front unit is renovated and rented at market, the GRM will be 11.3 which is unheard of for a small apartment building. The CAP rate is 6.36 which is also very attractive.

  • Address 1246 W 96th Street
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90044

Details

Updated on January 26, 2023 at 1:15 am
  • Property ID: 23233809
  • Price: $720,000
  • Land Area: 0.1642 Acres
  • Year Built: 1957
  • Property Type: Residential Income
  • Property Status: Active

Additional details

  • Style: Mid Century Modern
  • Heating: Wall Furnace
  • Cooling: None
  • Zone: LCR320U*
  • Parking: Driveway
  • Days On Market: 8
  • LotSize SquareFeet: 7154.00

Features

Listed by

McAlpin & Company
Agent Name : Jerome McAlpin
Agent State License : 00939725

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