1237 Amherst Avenue
Los Angeles, CA 90025
0.16 acres | #PW24193373
Description
1237 Amherst Avenue is an incredibly clean and well-maintained 9-unit ‘bread-and-butter’ multifamily opportunity situated on a quiet side street in coveted West Los Angeles offered at a 5.1% cap rate! The property is currently generating excellent rental income with the average rent of $2,507/month per unit. There is additional upside of approximately 15-20% from current to market which may be achieved with upgraded in-unit renovations such as modernized and renovated kitchens and bathrooms. The property offers a diverse unit mix of six (6) one-bedroom units and three (3) two-bedroom units (one of which is a spacious Owner's Unit facing Amherst). Many of the units feature private balconies or patios. 1237 Amherst has completed the LA Seismic Retrofit (CofC dated 5/1/2020).
Property Details
- Lot DescriptionZeroToOneUnitAcre
- Stories2
Measurements
- Acres0.1608
Parking
- Parking Spaces8
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1966
Utilities / Energy Details
- Sewer InformationPublicSewer
- Utility SourcePublic
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$3,600,000
Other
- MLS #PW24193373
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Everett Wong (#PWEVERETT)
Listing Office: Greysteel California, Inc. (#PB17996)
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