Description
Huge 750k Price Reduction! 80% Vacant 15-Unit Fixer with 12 vacancies priced at only 185k/door with an amazing 8.8% Cap Rate after renovations. Fully Approved RTI Plans to convert the current 5 vacant units into 10 vacant units plus 2 ADUs in the back (Under construction). Incredible Current Cap Rate of 8.8% and 8.9 GRM after renovations with an amazing upside to 12.6% Cap Rate & 6.5 GRM on the proforma. Excellent up-and-coming location minutes from Banc of California Stadium, USC, & Inglewood. Individually metered for Gas & Electricity. Large 10,268 SF C2 Lot for future redevelopment. Price/Unit, Price/SF, Cap Rate & GRM are based on Total Price for sake of conservatism, which includes the remaining remodeling cost of 10 vacant units 3,600 SF at 100/SF (360k) plus the remaining construction cost of 2 ADUs 850 SF at 200/SF (170k).
Location
Listing Agent: Jorge Lopez Courtesy of: Universal Property Brokers The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 21st March, 2023 9:50 AM (UTC)
