Fourplex
Listing Agent: Keaton Quaack (DRE #02172607) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: BertaLuchi Balcazar · Coldwell Banker Alliance · MLS #SB23204043 · Source: CRMLS
We are pleased to exclusively offer for sale this 4 unit multi-family investment located in East Whittier. This large 8,254 SF lot is strategically positioned in an extremely low inventory submarket where only (2) other multi-family properties have sold within 1 mile of the subject property in the last (3) years. The building features an excellent unit mix of (4) 2 Bed/1.5 Bath townhouse style units for a total rentable square footage of 4,402. Each tenant has access to garage parking with (6) garage spaces in total. Alternatively, the garages provide a natural option as potential ADUs for investors looking to increase their cash flow. In addition, (3) units have their own private patio with the fourth unit that has it’s own backyard. On top of this, all units have access to a communal laundry room that generates an additional $80/mo. Priced at a current 4.57% CAP Rate with an achievable rent upside of 30% and a Market CAP Rate of 6.60%, this offering provides strong Day 1 income figures with the potential for future growth
Listing description from the December 2023 sale, as reported to CRMLS.