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).
Property Details
Price:
$3,600,000
MLS #:
PW24193373
Status:
Pending
Baths:
0
Address:
1237 Amherst Avenue
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
wlawestlosangeles
City:
Los Angeles
Listed Date:
Sep 3, 2024
State:
CA
ZIP:
90025
Lot Size:
7,004 sqft / 0.16 acres (approx)
Year Built:
1966
See this Listing
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Schools
Interior
Exterior
Community Features
Urban
Garage Spaces
8.00
Lot Features
0-1 Unit/ Acre
Parking Features
None
Parking Spots
11.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Tenant Pays
Electricity, Gas
Map
Community
- Address1237 Amherst Avenue Los Angeles CA
- AreaWLA – West Los Angeles
- CityLos Angeles
- CountyLos Angeles
- Zip Code90025
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Courtesy of Greysteel California, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1237 Amherst Avenue
Los Angeles, CA
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