MarketPier

5138 S MAIN Street - Los Angeles, CA 90037

$798,000
Listing Description

49% Potential Rental Upside. Classic 4-Unit Craftsmen Style Building consists of 2 (2+1) & 2 (2+1 w/Den) units. The two units which have a Den may be able to achieve higher rents if the Dens are used as an extra bedroom. All units units plumbed for W/D, 2 have hookups already. MKT GRM 8.55, MKT Cap 8.43%, Cash on Cash (i/o) 5.1%, MKT Cash on Cash (i/o) 15.6%. T.O.C. Tier 1. One Section 8 tenant. LA State Enterprise zone.Do not disturb tenants.

Listing Information
MLS Number
18413694
APN/Parcel ID
5109005002
Type
Multifamily
Sub Type
Multifamily
Building Size
4,104 sqft
Lot Size
6,350 sqft
Price / SQFT
$194
No Units
4
Price / Unit
$199,500
Gross Income
$62,664
Total Expenses
$23,269
Net Income
$37,515
Rent Multiplier
12.73
Cap Rate
4.70%
Listing Date
12/6/2018
Days Active
9
Last Updated
12/16/2018
Listing Provided By
Kelly Morgan
Keller Williams-Santa Monica
BRE# 01898026

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