1237 Amherst Avenue, Los Angeles, CA 90025
Property
Sold November 2024
Listing Agent: Everett Wong (DRE #01991247) · Listing Office: Greysteel California, Inc. · Contact: 310-382-6705 · Bought with: Everett Wong · Greysteel California, Inc. · MLS #PW24193373 · Source: CRMLS
About this property
1237 Amherst Avenue is an incredibly clean and 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 modernized and renovated kitchens and bathrooms. The property offers a diverse unit mix of six (6) one-bedroom units and three (3) two-bedroom units (one of which is a spacious Owner's Unit facing Amherst). Many of the units feature private balconies or patios. 1237 Amherst has completed the LA Seismic Retrofit (CofC dated 5/1/2020).
Listing description from the November 2024 sale, as reported to CRMLS.
Sale history