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$1,300,000
Est. payment /mo
8 Beds
7,908 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Bixby Knolls (Bk)
MLS Listing ID SB25237138
Bedrooms 8
Lot Size 7,908 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Rare 4 unit property in the best part of Bixby Knolls on the market for the first time in 40 years. 100% 2 bedroom 1 bath units with over 800 square feet each. Huge 40% upside in actual rents to a market GRM of 10.7X and a 6.0% cap rate. Huge lot of nearly 8000 square feet plus a separate structure with two 2 car garages and a laundry room for extra income. Separately metered for gas and electric with individual water heaters for each unit. Incredible location in one of the best neighborhoods of Bixby Knolls. Only 2 blocks from Virginia Country Club, 2 blocks from Scherer Park. Located on a quiet residential side street, but a quick walk to retail and restaurants on Atlantic.
Location
State CA
County Los Angeles
Zoning Assessor
Direction North of San Antonio, West of Atlantic
Interior
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7134023010
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Listed by Anthony Walker Buckingham Investments, Inc