$3,600,000
- Beds
- Unknown
- sq ft
- 6,959
1237 Amherst Ave, Los Angeles, CA 90025
1237 Amherst Ave
Los Angeles, CA 90025
- 3 days on market
1237 Amherst Avenue is a 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 renovated kitchens and bathrooms. The property offers a diverse unit mix of six (6) one-bedroom units and three (3) two-bedroom units, many of which feature private balconies or patios. 1237 Amherst has completed the LA Seismic Retrofit (CofC dated 5/1/2020).
Details
Property type
Mixed Use
Lot size
7,004 sq ft
Price per sq ft
$518
Year built
1966
Price History
09/17/2024
CRMLS #PW24193373
Listed
$3,600,000
Schools & Community
Neighborhood:
Sawtelle
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/19/2024 at 7:35 PM
Listing updated: 09/17/2024 at 2:40 PM
Listed by: Everett Wong, Greysteel California, Inc. Phone #: (310) 439-5794
MLS: CRMLS #PW24193373
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