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$ 3,200,000
Est. payment | /mo
5 Beds
2 Baths
0.46 Acres Lot
$ 3,200,000
Est. payment | /mo
5 Beds
2 Baths
0.46 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25043403
Bedrooms 5
HOA Y/N No
Lot Size 0.460 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present Clara Street Apartments a 13-unit apartment community covering 0.5 Acres. The property features all 2-bedroom and 3-bedroom units with copper plumbing, gas heating, gas cooking, and ceiling fans. Many units have been updated with vinyl wood flooring, quartz countertops, and dual-pane windows. The complex offers a secured parking ratio of over 1.5:1, on-site laundry facilities, and is master-metered for gas, electricity, and water, providing an opportunity to implement RUBS (Ratio Utility Billing System) for additional income. With an estimated 6% cap rate based on current income, this property presents a strong investment opportunity.
We are pleased to present Clara Street Apartments a 13-unit apartment community covering 0.5 Acres. The property features all 2-bedroom and 3-bedroom units with copper plumbing, gas heating, gas cooking, and ceiling fans. Many units have been updated with vinyl wood flooring, quartz countertops, and dual-pane windows. The complex offers a secured parking ratio of over 1.5:1, on-site laundry facilities, and is master-metered for gas, electricity, and water, providing an opportunity to implement RUBS (Ratio Utility Billing System) for additional income. With an estimated 6% cap rate based on current income, this property presents a strong investment opportunity.
We are pleased to present Clara Street Apartments a 13-unit apartment community covering 0.5 Acres. The property features all 2-bedroom and 3-bedroom units with copper plumbing, gas heating, gas cooking, and ceiling fans. Many units have been updated with vinyl wood flooring, quartz countertops, and dual-pane windows. The complex offers a secured parking ratio of over 1.5:1, on-site laundry facilities, and is master-metered for gas, electricity, and water, providing an opportunity to implement RUBS (Ratio Utility Billing System) for additional income. With an estimated 6% cap rate based on current income, this property presents a strong investment opportunity.
Location
State CA
County Los Angeles
Area Bell (90201)
Zoning Public Rec
Building
Lot Description Sidewalks
Story 2
Level or Stories 2 Story
Others
Acceptable Financing Conventional
Space Rent $1,951
Listing Terms Conventional
Listed by Chris Keramati • Triqor Group
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "