931 S Hillview Avenue, Los Angeles, CA 90022

About this commercial property

Priced To Sell! $1,099,000 Must Go! Seller has already Identified their 1031-Exchange Upleg. Seller will only consider Cash or Hard Money Offers. This 9 Unit Investment Opportunity Consists of Studios, 1 Bedroom & 2 Bedroom Units. Low Price Per Unit of $122,111 with a 5.72% Cap Rate and 10.50 GRM. Professionally Managed & Maintained with Realistic Rental Upside Potential of +/- 43%. The Property is Surrounded Predominantly by Single Family Homes and is a Walkers Paradise (Walk Score 90) with a Short Distanced to many Shops & Restaurants on S Atlantic Blvd & Whittier Blvd. Landlord currently pays for all Electric & Gas utilities, there are 4 Electric meters & 3 Gas meters on the property. 1 Tenant is not paying rent. Property is Located in Unincorporated Los Angeles, LA County Rent Stabilization Ordinance Applies. Buyer to verify all information regarding unit mix, square feet, lot size, year built, rent control, etc.

Listing description from the November 2021 sale, as reported to CRMLS.

Sale history

$1,050,000

Sold November 2021 · listed $1,099,000, orig. $1,395,000, on market June 2021 · MLS #21745106 · Source: CRMLS

Listing Agent: Shant Sherbetdjian · Listing Office: Remax Commercial and Investment Realty · Contact: 213-817-1000 · Bought with: Carlos Estrada · Liberty Investment Group

$1,050,000

Sold November 2021 · listed $1,099,000, orig. $1,395,000, on market May 2021 · MLS #21727860 · Source: CRMLS

Listing Agent: Shant Sherbetdjian · Listing Office: Remax Commercial and Investment Realty · Contact: 213-817-1000 · Bought with: Carlos Estrada · Liberty Investment Group

$1,000,000

Sold July 2018 · listed $1,150,000, orig. $1,300,000, on market March 2018 · MLS #18329348 · Source: CRMLS

Listing Agent: Barry Gordon · Listing Office: Marcus & Millichap · Contact: 213-943-1800 · Bought with: Barry Gordon · Marcus & Millichap

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