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5111 Ascot Ave Los Angeles, CA 90011
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Key Details
Sold Price $880,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,745 sqft
Price per Sqft $320
MLS Listing ID 24-394893
Sold Date 08/22/24
Bedrooms 5
Year Built 1924
Lot Size 7,503 Sqft
Acres 0.1722
Property Description
BUNGALOWS on Ascot! We are pleased to present a 6-Unit bungalow community located at 5111 Ascot Ave. With 6 separate bungalow structures on the property, tenants enjoy the feeling of living in a single-family home paired with the affordability of living within an apartment community. The building currently operates at a 9.96 GRM on current rents, with rental upside potential to a 6.46 GRM and a 10.85% CAP on pro-forma rents. The units consist of 2 studio bungalows (one of which is a brand new ADU!), 3 one-bedroom bungalows, and 1 two-bedroom bungalow. Delivered with 1 unit VACANT, it will allow the new owner to set a market rent for a very in-demand bungalow product.
Location
State CA
County Los Angeles
Area Downtown L.A.
Zoning LAR2
Rooms
Other Rooms None
Interior
Heating Other
Cooling Other
Equipment Other
Exterior
Garage Driveway
Garage Spaces 6.0
Building
Story 1
Level or Stories One
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Kidder Mathews of California, Inc.
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