645 W 97th Street,Los Angeles, CA 90044
Los Angeles, CA 90044
Description
UPDATED PRICE AT OVER 6% CAP RATE! Modern spacious triplex newly built in 2019. Centrally located with easy access to freeways, restaurants, shopping, and more. The front home is a completely independent, detached home with 4 beds, 3 baths, 1,700 square feet, and a two car garage. Separate building at the rear of the lot is more private, each unit also containing 4 beds, 3 baths, and 1,561 square feet. All units promise consistent cash flow at maximum approved rents. All are designed with open living space floorplans, primary bedroom suites, and in-unit laundry. Due to the units being brand new construction as of 2019, the property is not subject to rent control, there are close to zero maintenance costs, and the new construction building warranty guarantees the new owner against latent defects. Hardscaped exterior driveways allow for ample parking, with additional yard space secured by a gate, which also adds extra security for the grounds. All units are separately metered for gas, electricity, and water, with each tenant paying their own utilities. Significant potential for appreciation based on upcoming nearby Olympic and World Cup events, expanding public transportation system, and an influx of investment into the area. Priced at a cap rate of 6% this deal is a no-brainer.
Details
| MLS# | 24458067 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2019 |
| Days On Site | 180 |
| Listing Provided By | Esquire Real Estate Brokerage, Inc. | Amir Torkamani |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 9 |
| SQ Feet | 4,800 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 3 |
| Zoning | LARD2 |
| Acreage | 0.14 |
| Property View | None |
Market Activity 90044
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90044 |
| Area | C36 Metropolitan Southwest |
| Listing VS Median (in 90044) | |
Price: $1,899,000 low | high Med: $991,500 SqFt: 4,800 low | high Med: 2,357 $ / SqFt: $396 low | high Med: $423 On site: 180 low | high Med: 314.500000 | |