12-Bedroom Residential Income - 4222 Hooper Avenue, Los Angeles, CA

$1,125,000

4222 Hooper Avenue, Los Angeles, CA

4222 Hooper Avenue, Los Angeles, CA 90011 - $1,125,000 · 12 bd 7 ba Multi-Family Home for Sale, photo 3

4222 Hooper Avenue, Los Angeles, CA 90011 - $1,125,000 · 12 bd 7 ba Multi-Family Home for Sale, photo 4

4222 Hooper Avenue, Los Angeles, CA 90011 - $1,125,000 · 12 bd 7 ba Multi-Family Home for Sale, photo 5

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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.

Property details

Bedrooms

Bathrooms

Square feet

6,460

Year built

1929

Property type

Residential Income

Lot size

5,150 sqft

Location

4222 Hooper Avenue • Los Angeles, CA 90011

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Listed by

Marc Chorin · ZARA Equity Corp.

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