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$ 2,295,000
Est. payment | /mo
6,536 SqFt
$ 2,295,000
Est. payment | /mo
6,536 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,536 sqft
Price per Sqft $351
MLS Listing ID CL26851443
HOA Y/N No
Year Built 1954
Lot Size 6,388 Sqft
Acres 0.1466
Property Sub-Type Other
Property Description
Huge 300k Price Reduction and Now with Fully Approved RTI Plans! Renovated 10-unit building with RTI plans for 6 additional units, cash-flowing at an amazing 7% Cap Rate from day 1, with upside to 9.6% cap rate on pro forma. RTI plans to add 6 new units in the garages to achieve a remarkable 11.7% Current Cap Rate, a 14.2% pro forma cap rate, and only $ 169k/door after accounting for all construction costs (~$ 415k, assuming $300/SF). All units are individually metered for Electricity and gas, and tenants pay for Trash. Rare 8 vacant single Car Garages for additional income and ADU potential. RTI Plans for additional units in the garages will eliminate/reduce the soft-story scope of work and cost. Easy to rent unit mix consisting of 10 large (1 bed/1 bath) units. 6 units have been fully remodeled and boast new modern cabinets, flooring, lighting, new bathrooms, and significant exterior improvements. This property is located in the trendy & historic Filipino Town just minutes away from Echo Park, Silverlake, DTLA as well as many hip neighborhood attractions, restaurants, bars, and shops such as Brooklyn Bagel Bakery, Boba Guys - Rideback Ranch, HiFi Kitchen, and Laveta Coffee, popping up all around the area.
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Flooring Laminate
Fireplace No
Building
New Construction No
Others
Tax ID 5154006009
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Julio Ruiz • Global Platinum Properties, Inc.
Nearby Locations
9030 BRENTWOOD BLVD, BRENTWOOD, California 94513, United States