$ 1,200,000
2810 Somerset DR Los Angeles, CA 90016
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$ 1,200,000
Est. payment | /mo
4 Beds
4 Baths
4,643 SqFt
$ 1,200,000
Est. payment | /mo
4 Beds
4 Baths
4,643 SqFt
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,643 sqft
Price per Sqft $258
MLS Listing ID 24448595
Bedrooms 4
HOA Y/N No
Year Built 1929
Lot Size 6,290 Sqft
Property Description
This prime 4 unit asset located in the iconic West Adams neighborhood of Los Angeles is available. With a potential cap rate of 9.8, buying this building is a no-brainer from an investment perspective. Currently three units are occupied and one unit will be delivered vacant. Each unit has washer and dryer hookups in the unit and each unit has its own garage space (total 4 garage spaces) making it easy to rent out to prospective tenants. When you own buildings like this there will not be a lot of turnover. The units are almost 1200 sq feet each, could easily be converted into two bedrooms which would yield even more rent and an even better cap rate. There is space in the back for additional parking or to build an ADU to further get additional rents. If you're looking for a great as-is or value add investment then you don't want to miss this one.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LARD1.5
Interior
Heating Central
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplace No
Appliance Dishwasher, Dryer, Washer
Laundry Stacked
Exterior
Garage Assigned
Garage Spaces 4.0
Garage Description 4.0
View Y/N Yes
View City Lights
Total Parking Spaces 4
Building
Faces West
Story 2
Entry Level Two
Architectural Style Spanish
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5050016005
Special Listing Condition Standard
Listed by Mark King • Big Block Platinum