$1,200,000

Est. payment - /mo

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4 BD

4 BA

4,643 SqFt

Active Under Contract

2810 Somerset DR Los Angeles, CA 90016

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/28/2024 02:25 AM

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

Rooms

Ensuite Laundry Stacked

Interior

Laundry Location Stacked

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

Parking Type Assigned

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

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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