1258 S Woods Avenue
Property Overview
$50K PRICE REDUCTION! Actual 9.3 GRM/7.0% Cap Rate! This is a unique opportunity to acquire a 6 unit multifamily property located in unincorporated LA. Built in 1929, this Spanish style property is comprised of two separate buildings totaling 4,186sf and comprised of (6) large 1 bed/1 bath units, with decent layouts, full kitchen & bath, roomy bedroom, washer/dryer hookups, and One unit delivered Vacant and in rent ready condition. The current tenants have good rent histories, and the property offers a strong stabilized investment with built in upside in the rents in a high demand rental market. On a 5,464sf size lot zoned LC-R4, there a total of 6 garages in the rear w/ alley access, providing an ideal opportunity for an ADU conversion. Well located in East Los Angeles near multiple freeways, and near Citadel Outlets. This is a solid investment w/ true value add opportunity!
Home Details
- Property type
- Residential Income - Apartment
- Year built
- 1929
- Lot size
- 5,464 sq ft
- Parking
- 6 spaces
- Garage
- 6 spaces
- Stories
- 2
- Days on market
- 35
- MLS status
- Active
- Architectural style
- Spanish
Features & Amenities
Interior
- Ceiling Fans
Appliances
- Gas Range
- Refrigerator
- Water Heater
Parking
- Door Single
- Garage
- Garage Faces Rear
Pool
- None
Lot
- Six To Ten Units Acre
- Back Yard
- Front Yard
- Lawn
Exterior
- Rain Gutters
Security
- Carbon Monoxide Detectors
- Smoke Detectors
Community, Schools & Utilities
Utilities
- Heating
- WallFurnace
- Cooling
- None
- Water
- Public
- Sewer
- PublicSewer
Location & Neighborhood
Frequently Asked Questions About 1258 S Woods Avenue
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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