1237 Amherst AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90025
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 6,959 sqft
Price per Sqft $517
MLS Listing ID PW24193373
HOA Y/N No
Year Built 1966
Lot Size 7,004 Sqft
Acres 0.1608
Property Description
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).
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Zoning LAR3
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage None
Garage Spaces 8.0
Garage Description 8.0
Pool None
Community Features Urban
Parking Type None
Total Parking Spaces 11
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 4263001008
Energy Description 1052.0
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard