Los Angeles, CA 90025,1237 Amherst AVE
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Los Angeles, CA 90025,1237 Amherst AVE
Los Angeles, CA 90025,1237 Amherst AVE
Los Angeles, CA 90025,1237 Amherst AVE
Los Angeles, CA 90025,1237 Amherst AVE

$3,600,000

Est. payment /mo
Est.Price: ?

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1237 Amherst AVE Los Angeles, CA 90025

7,004 Sqft Lot

SOLD DATE : 11/12/2024

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24193373

Year Built 1966

Lot Size 7,004 Sqft

Property Description

1237 Amherst Avenue is an incredibly clean and well-maintained 9-unit ?bread-and-butter? multifamily opportunity situated on a quiet side street in coveted West Los Angeles offered at a 5.1% cap rate! The property is currently generating excellent rental income with the average rent of $2,507/month per unit. There is additional upside of approximately 15-20% from current to market which may be achieved with upgraded in-unit renovations such as modernized and renovated kitchens and bathrooms. The property offers a diverse unit mix of six (6) one-bedroom units and three (3) two-bedroom units (one of which is a spacious Owner's Unit facing Amherst). Many of the units feature private balconies or patios. 1237 Amherst has completed the LA Seismic Retrofit (CofC dated 5/1/2020).

Location

State CA

County Los Angeles

Area Wla - West Los Angeles

Zoning LAR3

Interior

Laundry Common Area

Exterior

Parking Features None

Garage Spaces 8.0

Garage Description 8.0

Pool None

Community Features Urban

Building

Lot Description 0-1 Unit/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Everett Wong • Greysteel California, Inc. • 310-382-6705
Bought with Everett Wong • Greysteel California, Inc.

Scott Goshorn

Director- Luxury Estates | License ID: 01964409

+1(323) 251-5479

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