Los Angeles, CA 90025,1237 Amherst AVE
Los Angeles, CA 90025,1237 Amherst AVE
Los Angeles, CA 90025,1237 Amherst AVE
15
$3,426,000
$3,600,000
4.8%
Est.Price: ?

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7,004 Sqft Lot

1237 Amherst AVE Los Angeles, CA 90025

Est. payment /mo
SOLD DATE : 11/12/2024

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Key Details

Sold Price $3,426,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRPW24193373

Sold Date 11/12/24

Originating Board California Regional MLS

Year Built 1966

Lot Size 7,004 Sqft

Property Description

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'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).

Location

State CA

County Los Angeles

Area Wla - West Los Angeles

Interior

Laundry Laundry Area

Exterior

Garage No Parking

Garage Spaces 11.0

Pool None

Building

Water District - Public

Others

Tax ID 4263001008

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Everett Wong • Greysteel California, Inc.
Bought with Everett Wong

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Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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