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132 W 74th St
Los Angeles, CA 90003
Reduced! 4-Units, Actual 6.9% Cap Rate Day 1 · Multifamily Property For Sale
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4 Units
Investment Highlights
- 4 Fully Renovated Units Including a Large 5 Bed 2 Bath Detached House in front plus 3 non-rent controlled (1Bed/1Bath) units in the back built in 1983
- The front house was entirely stripped to the studs and thoroughly renovated with permits featuring a new roof, electrical system, plumbing, etc.
- Individually metered for Gas & Electricity.
- Perfect owner-user or investment opportunity cash flowing at an amazing 6.9% Cap Rate and 10.7 GRM from Day 1.
- The 3 back units were built in 1983 and are not subject to LA City Rent control, therefore allowing for 10% annual increases (5% + CPI).
- Prelim ADU plans for 2 Detached ADUs in the middle on this large 7,840 SF Lot with ample parking on-site.
Property Facts
Amenities
Unit Amenities
- Ceiling Fans
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+2 | 1 | - | - |
| 1+1 | 3 | - | - |
Property Taxes
| Parcel Number | 6031-007-033 | Improvements Assessment | $314,160 |
| Land Assessment | $816,000 | Total Assessment | $1,130,160 |
Property Taxes
Parcel Number
6031-007-033
Land Assessment
$816,000
Improvements Assessment
$314,160
Total Assessment
$1,130,160
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