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Rick Lee

rickjleehomes@gmail.com +1(714) 943-1598

$ 3,600,000

Est. payment -/mo

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1237 Amherst AVE Los Angeles, CA 90025

6,959 SqFt

UPDATED:

09/30/2024 05:49 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 6,959 sqft

Price per Sqft $517

MLS Listing ID PW24193373

HOA Y/N No

Year Built 1966

Lot Size 7,004 Sqft

Property Description

1237 Amherst Avenue is an incredibly clean and 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 modernized and renovated kitchens and bathrooms. The property offers a diverse unit mix of six (6) one-bedroom units and three (3) two-bedroom units (one of which is a spacious Owner's Unit facing Amherst). Many of the units feature private balconies or patios. 1237 Amherst has completed the LA Seismic Retrofit (CofC dated 5/1/2020).

Location

State CA

County Los Angeles

Area Wla - West Los Angeles

Zoning LAR3

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Garage None

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Urban

Parking Type None

Total Parking Spaces 11

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4263001008

Energy Description 1052.0

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

Listed by Everett Wong • Greysteel California, Inc. • 310-382-6705

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

1237 Amherst AVE Los Angeles, CA 90025

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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1237 Amherst AVE