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Rick Lee

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

$ 1,986,000

Est. payment -/mo

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645 W 97th ST Los Angeles, CA 90044

12 Beds

9 Baths

4,800 SqFt

UPDATED:

10/30/2024 06:42 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $413

MLS Listing ID 24458067

Bedrooms 12

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 2019

Lot Size 6,303 Sqft

Property Description

RENT INCREASES APPROVED AND NEWER CONSTRUCTION PRICED AT 6% CAP RATE! Modern spacious triplex newly built in 2019 and not under rent control. Centrally located with easy access to freeways, restaurants, shopping, and more. The front home is a completely independent, detached home with 4 beds, 3 baths, 1,700 square feet, and a two car garage. Separate building at the rear of the lot is more private, each unit also containing 4 beds, 3 baths, and 1,561 square feet. All units promise consistent cash flow at maximum approved rents. All are designed with open living space floorplans, primary bedroom suites, and in-unit laundry. Due to the units being brand new construction as of 2019, there are close to zero maintenance costs and the new construction building warranty guarantees the new owner against latent hidden repairs and/or costs. Hardscaped exterior driveways allow for ample parking, with additional yard space secured by a gate, which also adds extra security for the grounds. All units are separately metered for gas, electricity, and water, with each tenant paying their own utilities. Significant potential for appreciation based on upcoming nearby Olympic and World Cup events, expanding public transportation system, and an influx of investment into the area. Priced at a cap rate of 6% this deal is a no-brainer.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LARD2

Interior

Heating Central

Cooling Central Air

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Exterior

Garage Attached Carport, Door-Multi, Driveway, Garage

View Y/N No

View None

Parking Type Attached Carport, Door-Multi, Driveway, Garage

Attached Garage Yes

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Architectural Style Modern

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 6054027027

Special Listing Condition Standard

Listed by Amir Torkamani • Esquire Real Estate Brokerage, Inc.

Rick Lee

Team Leader | License ID: 02130981

+1(714) 943-1598

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Rick Lee

Rick Lee

645 W 97th ST Los Angeles, CA 90044

Key Details

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Exterior

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645 W 97th ST