Bryan Glenn
This listing was posted on RealtyWW.
$1,375,000
N Bixel St, Los Angeles, Home For Sale
Price:
$1,375,000
BR/BA:
8 BR, 8 BA
Location:
316 N Bixel St, Los Angeles, CA
Description:
This is an excellent opportunity to purchase a renovated, 8-unit multifamily asset adjacent to Downtown Los Angeles at the intersection of Historic Filipinotown, Echo Park and City West. The classic, two-story property features a well-maintained woodframe and stucco building with vintage, character architecture. The property includes a mix of one-bedroom and studio units. Six of the eight units have been fully remodeled and are achieving strong rents. The other two units are well below the current market rent and will allow for steady increases or a large increase in income when those units vacate. As an investment, the property is offered at an attractive going-in Cap Rate with over 25% remaining upside. The property was recently repainted with character accents throughout. The common area floors and light fixtures were all upgraded while preserving the character of the Property. The six renovated units feature newer, modern flooring, new paint, fully remodeled kitchens and bathrooms, and upgraded electrical. The property also features a spacious upstairs, outdoor terrace available to the tenants for their use. The property is separately metered for gas and electric and master metered for water. There are individual water heaters for each apartment, and there is also coin-operated laundry on-site. There is no on-site parking so the tenants utilize street parking.For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i73435648
Property Type:
Single-Family Houses
Posted:
June 28 on RealtyWW
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More About this Listing: N Bixel St, Los Angeles, Home For Sale
N Bixel St, Los Angeles, Home For Sale is a Eight Bedroom Eight Bath Single-Family Homes for Sale at 316 N Bixel St in Los Angeles CA. Find other listings like N Bixel St, Los Angeles, Home For Sale and listings near 316 N Bixel St by searching Oodle Classifieds for Eight Bedroom Eight Bath Single-Family Homes for Sale in Los Angeles CA.
N Bixel St, Los Angeles, Home For Sale is a Eight Bedroom Eight Bath Single-Family Homes for Sale at 316 N Bixel St in Los Angeles CA. Find other listings like N Bixel St, Los Angeles, Home For Sale and listings near 316 N Bixel St by searching Oodle Classifieds for Eight Bedroom Eight Bath Single-Family Homes for Sale in Los Angeles CA.