$1,350,000

Multi Family In Los Angeles

  • 2 Beds
  • 2 Baths
  • 4,801 Sqft lot
  • Updated: July 18
  • Source:
    San Diego MLS  MLS#PW26156976

About the Property

This turnkey four-unit income property presents an outstanding investment opportunity, featuring a beautifully remodeled Unit 2 with a modern, high-end aesthetic and a newly constructed ADU with its own private entrance. The spacious unit mix offers strong tenant appeal while providing excellent long-term income potential. Ideally located near Cal State LA and with convenient access to Downtown Lo
This turnkey four-unit income property presents an outstanding investment opportunity, featuring a beautifully remodeled Unit 2 with a modern, high-end aesthetic and a newly constructed ADU with its own private entrance. The spacious unit mix offers strong tenant appeal while providing excellent long-term income potential. Ideally located near Cal State LA and with convenient access to Downtown Los Angeles and other major employment and lifestyle destinations, the property benefits from consistent rental demand. With projected rental increases, investors have the opportunity to achieve an estimated 5.1% capitalization rate, making this an attractive option for both long-term investors seeking stable cash flow and owner-occupants looking to offset ownership costs with rental income. Current Rents (Total: $7,619.43/month) Unit 1: 3 Bed / 2 Bath - $1,609.81 Unit 2: 2 Bed / 2 Bath - $2,250 Unit 3: 2 Bed / 2 Bath - $1,259.62 Unit 4 (ADU): 2 Bed / 2 Bath - $2,500 Current Financials: Annual Net Income: $69,928.57 Net Operating Income (NOI): $69,928.57 Annual Operating Expense: $21,504.59 Gross Rent Multiplier (GRM): 14.76% Capitalization Rate (Cap Rate): 5.18%
  • Property type

    Other

  • Floors

    2

Explore the Area

5150 Ithaca, Los Angeles, California, United States View on Google Maps
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eXp Realty of Greater Los Angeles - Burbank

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eXp Realty of Greater Los Angeles - Burbank
California, United States
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eXp Realty of Greater Los Angeles - Burbank
Burbank, California, United States
View agency profile
Last updated
July 18
First listed
Jul 18
Listing reference
PW26156976
Listing status
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