1212 Amalia Avenue, East Los Angeles, CA 90022

About this property

We are pleased to present the great opportunity to invest in a value add 10-unit Spanish style building. Owner will carry financing at 4.5%! The building is offered at a current cap rate of 4.8 and GRM of 13.99. The building consists of one 2 bedroom/1 bath and nine 1 bedroom/1 bath units. Six of the units have been updated. All units include in-unit washer/dryer hookups and there are eight separate garages. The property is separately metered for gas and electricity and upon tenant turnover, a buyer can utilize RUBs to allocate the cost of the water to the tenants. Located in the Unincorporated area of LA, the property is not subject to City of LA rent control. Accessible to the 5, 60, & 710 freeways and approximately 5 minutes from Citadel Outlets and Commerce Casino.

Listing description from the December 2022 sale, as reported to CRMLS.

Sale history

$2,200,000

Sold December 2022 · listed $2,300,000, on market October 2022 · MLS #SR22231073 · Source: CRMLS

Listing Agent: Anie Mayelian · Listing Office: Equity Union · Contact: 818-989-2000 · Bought with: Brice Head · Marcus & Millichap

$1,300,000

Sold August 2015 · listed $1,395,000, on market April 2015 · MLS #P0-315003903 · Source: CRMLS

Listing Agent: Silvia Portugal-Singh · Listing Office: Berkshire Hathaway HomeServices California Properties · Contact: (626) 440-5100 · Bought with: Lynette Sohl · Berkshire Hathaway HomeServices California Properties

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