$4,050,000
About this home
Huge ~750k Price Reduction! Once in a lifetime 100% Fully Renovated 14-unit apartment building cash flowing at an amazing 7% Cap Rate from day 1! Plans to add 8 detached ADUs to achieve a remarkable 9.75% Cap Rate after taking into account all construction costs (~775k assuming $300/SF). All 14 units have been completely vacated and remodeled, boasting a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, HVAC systems as well as major exterior capital improvements. Diverse unit mix of 8 (1bed/1bath) units, and 4 (2bed/1bath) units. Additionally, the major systems have been updated, including electrical, plumbing, windows, etc. Individually Metered for Gas & Electricity. Large 8,283 SF R4-1 Lot TOC Tier 2 with future development potential. This property is located in the trendy & historic Filipino Town just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.
Facts & features
- Bedrooms
- 18
- Bathrooms
- 0 full, 0 half
- Living area
- 6,874 sq ft
- Heating
- Wall Furnace
- Levels
- Two
- Lot size
- 0.19 acres (8,286 sq ft)
- Year built
- 1950
- Parking
- Gated
- Parking spaces
- 6
- Area
- C 42 - Downtown L.A.
- County
- Los Angeles
- Status
- Active
- Property type
- Residential Income
- Days on market
- 34
- Listed
- 2026-06-25
- Original price
- $4,200,000
- Parcel #
- 5154001012
- MLS #
- 26852471
