1237 Amherst Avenue
Los Angeles, CA, 90025
$3,600,000
Beds
0 Baths
SqFt
0.16 Acres
Add
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&#39'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
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

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

Similar Listings Nearby

1237 Amherst Avenue
Los Angeles, CA