1237 Amherst Avenue, Los Angeles, CA 90025

  • $3,600,000
  • $517
1237 Amherst Avenue, Los Angeles, CA 90025
  • Residential Income
  • Property Type
  • 8.00
  • Garages
  • 1966
  • Year Built
For Sale
1237 Amherst Avenue, Los Angeles, CA 90025
  • $3,600,000
  • $517

Overview

Property ID: SGR-33981811
  • Residential Income
  • Property Type
  • 8.00
  • Garages
  • 1966
  • Year Built

Description

1237 Amherst Avenue is a well-maintained 9-unit ‘bread-and-butter’ multifamily opportunity situated on a quiet side street in coveted West Los Angeles offered at a 5.1% cap rate! The property is currently generating excellent rental income with the average rent of $2,507/month per unit. There is additional upside of approximately 15-20% from current to market which may be achieved with upgraded in-unit renovations such as renovated kitchens and bathrooms. The property offers a diverse unit mix of six (6) one-bedroom units and three (3) two-bedroom units, many of which feature private balconies or patios. 1237 Amherst has completed the LA Seismic Retrofit (CofC dated 5/1/2020).

  • Address 1237 Amherst Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90025
  • Area WLA - West Los Angeles
  • Country United States

Details

Updated on September 24, 2024 at 6:54 am
  • Property ID: SGR-33981811
  • Price: $3,600,000
  • Land Area: 7004.00 m²
  • Garages: 8.00
  • Year Built: 1966
  • Property Type: Residential Income
  • Property Status: For Sale
  • Living Area: 6959.00
  • MLS#: PW24193373
  • Office Name: GREYSTEEL CALIFORNIA, INC.
  • Agent Name: Everett Wong
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Agent State License: 01991247
  • IDX Contact Info: 310-382-6705

Additional details

  • Sewer: Public Sewer
  • County: Los Angeles
  • Property SubType: Commercial/Residential
  • Parking: 11.00
  • Water Source: Public

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