645 W 97th ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90044
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,800 sqft
Price per Sqft $413
MLS Listing ID 24458067
Bedrooms 12
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 2019
Lot Size 6,303 Sqft
Property Description
RENT INCREASES APPROVED AND NEWER CONSTRUCTION PRICED AT 6% CAP RATE! Modern spacious triplex newly built in 2019 and not under rent control. 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, there are close to zero maintenance costs and the new construction building warranty guarantees the new owner against latent hidden repairs and/or costs. 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.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LARD2
Interior
Heating Central
Cooling Central Air
Fireplaces Type None
Fireplace No
Appliance Dishwasher,Disposal,Microwave,Refrigerator,Dryer,Washer
Exterior
Garage Attached Carport,Door-Multi,Driveway,Garage
View Y/N No
View None
Parking Type Attached Carport,Door-Multi,Driveway,Garage
Attached Garage Yes
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Architectural Style Modern
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 6054027027
Special Listing Condition Standard