1102 STONE Street, Los Angeles, CA 90063

About this property

How would you like to have a multi-family property that: a) cash flows very nicely, b) is fully and beautifully renovated so you don't spend a penny for sometime to come and c) has great upside, all in the same package? Well, here it is! This is 8 units in Boyle Hts with 6 current market tenants and two long term low rent tenants. Whenever those two tenants vacate you can add an additional $2K/mo! According to our calculations you should be able to net about $4500/mo or $54,000 annually right now, while putting down about $525K. And all this in a hugely up and coming neighborhood.

Listing description from the August 2017 sale, as reported to CRMLS.

Sale history

$1,795,100

Sold August 2017 · listed $1,749,000, on market February 2017 · MLS #17202368 · Source: CRMLS

Listing Agent: Ken Shapiro · Listing Office: Silverwood Properties · Contact: 213-250-4404 · Bought with: Ken Shapiro · Silverwood Properties

$1,110,000

Sold August 2016 · listed $989,000, on market June 2016 · MLS #16130824 · Source: CRMLS

Listing Agent: Jessica E. Bravo · Listing Office: Real Estate Collective · Contact: 310-689-9689 · Bought with: Stanley Gerson · Amalgamated Concepts Inc

$775,000

Sold April 2015 · listed $799,000, on market March 2015 · MLS #PW15065772 · Source: CRMLS

Listing Agent: Anastasiya Clamp · Listing Office: New Horizon Res & Commercial · Contact: 562-301-7702 · Bought with: Anastasiya Clamp · New Horizon Res & Commercial

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