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5414 Denker Ave Los Angeles, CA 90062
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Key Details
Sold Price $930,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,352 sqft
Price per Sqft $395
MLS Listing ID 21-728418
Sold Date 07/16/21
Style Bungalow
Bedrooms 6
Construction Status Fixer
Year Built 1923
Lot Size 5,726 Sqft
Acres 0.1314
Property Sub-Type Multi-Family
Property Description
Turn key cash flow. Current rents are 100% subsidized. 22% upside in rents makes this an incredible value add property. 7.5 CAP to start! Never worry about missing a rent payment. Units have been remodeled and have great tenants in place. There are 5 units spread over 3 buildings. The back house is currently a 2 bedroom and the other 4 units are One bedrooms. Courtyard style building with classic LA style bungalows. Rent roll is accurate. Receivership sale. Their loss is your gain. Don't miss the opportunity to achieve cash flow from day 1. One unit currently vacant and it has been remodeled. **2 bedroom can be delivered vacant**
Location
State CA
County Los Angeles
Area Los Angeles Southwest
Zoning LAC1
Rooms
Other Rooms None
Interior
Heating Wall Gas
Cooling None
Equipment Ceiling Fan, Range/Oven, Refrigerator
Exterior
Parking Features None
Building
Story 1
Architectural Style Bungalow
Construction Status Fixer
Others
Special Listing Condition Standard
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Bought with Charles McMillan