1816 W 25TH Street, Los Angeles, CA 90018

About this property

***Update: Now at a 5.71% cap rate on current in place rents. The previously vacant unit has been leased at $2,295 proving our market rents.* Perfect Owner/Occupied Opportunity with a 5 Unit beautifully rehabbed Craftsmen with 6% cash on cash. One Vacant Unit. Located in the Historic West Adams District, with Washer and Dryer in each unit, the property currently has a large vacant One Bedroom unit that can be converted into a 2+1 Flex unit. Rent for a similar One Bedroom craftsman in the area with added bonus room is asking $2,650 rent. Take a look at the cash flow analysis on page 31 of our OM that shows a scenario that would achieve a 7.4% cash on cash and an Average Annual ROI of 21.2%. This may be achieved by just doing minor upgrades to the one vacant unit and raising rents the allowable 3% per year which will more than double your investment in 5 years. Rents are as of Oct 1, 2019. *The figures above are merely projections to be verified by Buyer. Seller and his/her representati

Listing description from the October 2019 sale, as reported to CRMLS.

Sale history

$1,676,000

Sold October 2019 · listed $1,740,000, orig. $1,800,000, on market April 2019 · MLS #19454760 · Source: CRMLS

Listing Agent: Kelly Morgan · Listing Office: Houze Real Estate Management · Contact: 323-852-1372 · Bought with: Kelly Morgan · KW Advisors

$1,040,000

Sold April 2017 · listed $1,039,000, on market February 2017 · MLS #17200400 · Source: CRMLS

Listing Agent: R Kip Kolodziejski · Listing Office: Clement Partners Real Estate · Contact: 310-822-7262 · Bought with: Kelly Morgan · Keller Williams-Santa Monica

$765,000

Sold September 2016 · listed $799,000, on market April 2016 · MLS #SB16162450 · Source: CRMLS

Listing Agent: Gerard Bisignano · Listing Office: Vista Sotheby’s Realty · Contact: 310-541-8271 · Bought with: Gerard Bisignano · Vista Sotheby’s Realty

Explore Los Angeles