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$ 3,750,000
Est. payment | /mo
10 Beds
6 Baths
0.93 Acres Lot
$ 3,750,000
Est. payment | /mo
10 Beds
6 Baths
0.93 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26210346
Bedrooms 10
Lot Size 0.928 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
$362,340 GROSS SCHEDULED INCOME | 6.35% CAP | 13 UNITS ON TWO CONTIGUOUS PARCELS. This rare offering includes two contiguous parcels totaling approximately 40,425 square feet and a combined 13 units, six on one parcel and seven on the other. Each unit is a single-level, cottage-style residence, and the property includes multiple garages and ample surface parking. The electrical at 4900 Live Oak has been updated with new mains and sub panels. The property produces $362,340 in gross scheduled income against $116,794 in operating expenses, for a net operating income of $238,299. Additional potential includes accessory dwelling units or a complete redevelopment, buyer to verify all options with the city. Located in an area already experiencing new construction, including a recently completed apartment building nearby. Steps from the Atlantic Avenue dining and retail corridor, with Plaza Mexico in Lynwood roughly 10 minutes away and the Watts Towers and Augustus F. Hawkins Natural Park about 15 minutes out.
Location
State CA
County Los Angeles
Zoning Assessor
Direction 710 freeway to, exit Florence Ave, take Wilcox Ave and Go to Live Oak
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 6226014010
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Joseph Lotfy, DRE#02094110 Berkshire Hathaway HomeService
Co-listed byChristian Walsh • Berkshire Hathaway HomeServices California Properties
Co-listed byChristian Walsh • Berkshire Hathaway HomeServices California Properties
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