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$ 1,125,000
Est. payment /mo
New
4222 Hooper AVE Los Angeles, CA 90011
12 Beds
7 Baths
6,460 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,460 sqft
Price per Sqft $174
MLS Listing ID 26982531
Bedrooms 12
HOA Y/N No
Year Built 1929
Lot Size 5,148 Sqft
Property Description
Investor' s Prime location, just minutes away from Downtown LA, USC, BMO Stadium, George Lucas' Billion Dollar Museum, Thomas Jefferson High School and Exposition Park, where the 2028 Olympics will be held! The property consists of 7 large UNITS / 2 two story buildings , with an attractive combination of existing income and long-term upside, a great unit mix consisting of (4) 2 Bed / 1 Bath, (3) 1 Bed / 1 Bath units. Excellent in-place cash flow on day one, with the benefit of an additional of 35% upside in rents. POSITIVE cash on cash return with current rents. ESTIMATED 7.36 % cap rate, 9.21GRM. Electric and Gas utilities for both buildings are separately metered. Inside with an accepted offer. Fully occupied building , do not disturb tenants . call agent for ore information and Make an offer on the car form RIPA.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD2
Interior
Interior Features Ceiling Fan(s)
Heating Natural Gas, Space Heater, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Carpet
Fireplace No
Appliance Oven, Refrigerator, Dryer, Washer
Exterior
Parking Features None
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5116003001
Special Listing Condition Standard
Listed by Marc Chorin ZARA Equity Corp. #01143383
NEARBY SCHOOL & BUSINESS