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Nicole Van Parys & Gary Nesen
Engel & Völkers Americas
nicole.vanparys@engelvoelkers.com +1(805) 795-1880Listed by Brett Dalton Lyon • Lyon Stahl Investment Real Estate, Inc.
$ 950,000
Est. payment /mo
Pending
932 West 74th Street Los Angeles, CA 90044
4,565 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Commercial/Residential
Listing Status Pending
Purchase Type For Sale
Square Footage 4,565 sqft
Price per Sqft $208
MLS Listing ID SB-25010759
Year Built 1926
Lot Size 5,602 Sqft
Property Sub-Type Commercial/Residential
Property Description
Discover this 8-unit multifamily property in South Los Angeles, offering a total of (8) 1-Bed/1-Bath units. With 4,565 SF of rentable space situated on a sizable 5,602 SF lot, this property provides strong in-place income with a 5.14% CAP and a 8.95 GRM. Investors will appreciate the 54% rental upside potential, aligning with a projected market CAP of 10.85% and a market GRM of 5.82. Conveniently located near the 110 Freeway and just moments away from retail and dining options on Manchester Ave, this property is ideally positioned in a highdemand rental market. Don't miss this opportunity to acquire a well-located asset with significant upside potential.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LARD2
Interior
Laundry None
Exterior
Parking Features Gated
Pool None
Community Features Biking
Building
Lot Description Rectangular Lot, 6-10 Units/Acre
Sewer Public Sewer, Unknown
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944