$895,000
Nami Investment Group is proud to present a 4-unit value-add property near Downtown Los Angeles featuring large ~1,200 SF 1-bedroom units with living, dining, and in-unit laundry areas. The property features potential ADU development behind the building towards the back of the lot. The property is separately metered for gas and electric. Offered at a low $182/SF with a 5.8% cap rate, the building provides day-one cash flow and significant future upside in rents and ADU potential. Two units have been meticulously remodeled to achive high market rents. This is a prime infill location close to major DTLA attractions and employment centers.
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Listed by Sean Namigohar with Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
Property Type
Residential Income
Status
Active
MLS Number
26666377
Year Built
1911
Lot Size
6,129 sq ft