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1237 Amherst AVE Los Angeles, CA 90025
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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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Bought with Everett Wong