1952 S Corning St
Los Angeles, CA 90034
4 units · Multifamily Property For Sale
·
4 Units
Investment Highlights
- Rent roll attached
Executive Summary
CHARMING SPANISH 4 PLEX IN WEST LA,JUST CITY OF BEVERLY HILLS BORDER AREA, LOCATED IN BEVERLY WOOD VICINITY. WALK TO BEHIND LA CIENEGA PLAZA,SHOPPING AROUND TARGET,ROSS,LA/FITNESS,SMART&FINAL,CVS,MCDONALD'S. ALSO YOU CAN WALK TO KAISER PERMANENT WEST LOS ANGELES MEDICAL CENTER. ONLY 2.5 MILES TO BEVERLY CENTER. COMPLETED REMODELED IN 2010 AND 2015.NEW SEWER JUST CHANGED IN 2022, INSTALLED NEW COPER WATER PIPE WITH MAIN WATER SWITCH FOR FAST SERVICE.PROFESSIONAL MAINTENANCE AND REPAIRS. HIGHT DEMAND TENANTS AREA, ORIGINAL TENANTS LIVING THERE OVER 10 YEARS. RECORD SHOWING TOTAL 4 BEDROOMS.BUT CITY OF LOS ANGELES ORIGINAL PERMIT DOCUMENT SHOWED TOTAL 16 ROOMS. ORIGINAL TENANTS LIVING THERE OVER 10 YEARS.NOW,2 BEDROOM AVERAGE RENTAL ABOVE $2510 PAY MONTH IN THIS AREA, INVESTMENT NET CAP RATE TO BE 5%.CITY ALLOW FOR 4 CARS GARAGE CONVERT TO ADU. EXCELLENT INVESTMENT! BUYER MUST COOPERATE WITH SELLER 1031 EXCHANGE.BUYER TO VERIFY AND DUE DILIGENCE ALL PROPERTY INFO INCLUDING SQ.FT.PERMIT ETC.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,480 | 770 |
