1258 S Woods Avenue
Property Overview
Actual 9.9 GRM/6.3% Cap Rate! This is a unique opportunity to acquire a 6 unit multifamily property located in Unincorporated LA so it does NOT fall under city of LA RSO. 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 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
- 0
- 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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