Jonathan Rawson
This listing was posted on RealtyWW.
$4,995,000
Home For Sale In Los Angeles, California
Price:
$4,995,000
BR/BA:
9 BR, 10+ BA
Location:
1984 Park Grove Ave, Los Angeles, CA
Description:
Back on market with improved metrics! Bring all offers! 26 units located in the heart of the USC Patrol Zone, which has campus security patrolling the neighborhood 24/7/365. Any students living in the USC Patrol Zone get free Uber's! Great price per door of $192k, and 5 units are currently vacant (4 of 5 are move-in-ready) for Buyer to hand-pick their own tenants. In-place GRM of 10.6 with the upside to an 7.8 GRM, and an in-place cap rate of 5.92% with the upside close to a 9% cap rate. Tenants can enjoy being 1 mile away from USC and Exposition Park and all of the attractions nearby like the new $1B George Lucas Museum, etc. Units are well sized with detached kitchens/bathrooms, with some having beautifully exposed brick and unrestricted views of the DTLA skyline. Majority of the units are on RUBS for utility reimbursements to help lower operating costs. There's a fire sprinkler system for all units and all hallways + common areas that was recently serviced, along with a fire alarm system, 24/7 security camera system and a burglar alarm system for secured entry and tenant safety. The electrical system has been updated, in addition to plumbing repairs, upgrades and re-piping. Exterior and common area improvements include new paint, window replacements, common area hallway flooring + stairs replacement, new washer and dryer machines (leased with WASH), water heaters, etc. ADU conversion potential on the bottom floor to convert 3 large vacant storage and office spaces into 3 ADU's/units (no in-place permits or RTI's), which would take the unit count to 29 and add substantial monthly/annual income. All 3 have plumbing and electrical in-place and ready to be converted!For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i69050114
Property Type:
Single-Family Houses
Amenities:
Alarm, Storage, Washer Dryer
Posted:
March 5 on RealtyWW
Visit Our Partner Website
This listing was posted on another website. Click here to open: Go to RealtyWW
Important Safety Tips
These might be signs of fraud:
- Really cheap prices
- Irregular email adresses
- Contact info in pictures
To learn more, visit the Safety Center or click here to report this listing.
More About this Listing: Home For Sale In Los Angeles, California
Home For Sale In Los Angeles, California is a 9 Bedroom 10 Bathroom, 10+ BA, 26 Bathroom Single-Family Homes for Sale at 1984 Park Grove Ave in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 1984 Park Grove Ave by searching Oodle Classifieds for 9 Bedroom 10 Bathroom, 10+ BA, 26 Bathroom Single-Family Homes for Sale in Los Angeles CA.
Home For Sale In Los Angeles, California is a 9 Bedroom 10 Bathroom, 10+ BA, 26 Bathroom Single-Family Homes for Sale at 1984 Park Grove Ave in Los Angeles CA. Find other listings like Home For Sale In Los Angeles, California and listings near 1984 Park Grove Ave by searching Oodle Classifieds for 9 Bedroom 10 Bathroom, 10+ BA, 26 Bathroom Single-Family Homes for Sale in Los Angeles CA.