645 W 97th Street
Los Angeles, CA 90044
4800 sqft | 12 beds | 0.14 acres | #24458067
Description
RENT INCREASES APPROVED AND NEWER CONSTRUCTION PRICED AT 6% CAP RATE! Modern spacious triplex newly built in 2019. 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, the property is not subject to rent control, there are close to zero maintenance costs, and the new construction building warranty guarantees the new owner against latent defects. 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.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$1,986,000
- MLS #24458067
- MLS #24458067
- Cost1986000
- Acres0.1447
- Square Feet4800
- Year Built2019
- Bedrooms12
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Amir Torkamani (#CLW-C107375)
Listing Office: Esquire Real Estate Brokerage, Inc. (#CLW-X79780)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
