4222 Hooper Avenue, Los Angeles, CA 90011
- $1,125,000
- 12
- BD
- 7
- BA
- 6,460
- SqFt
- List Price
- $1,125,000
- Status
- ACTIVE
- MLS#
- 26982531
- Year Built
- 1929
- Bedrooms
- 12
- Bathrooms
- 7
- Living Sq. Ft
- 6,460
- Lot Size
- 5,150
- Acres
- 0.12
- Days on Market
- 1
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Investor' s Prime location, just minutes away from Downtown LA, USC, BMO Stadium, George Lucas' Billion Dollar Museum, Thomas Jefferson High School and Exposition Park, where the 2028 Olympics will be held! The property consists of 7 large UNITS / 2 two story buildings , with an attractive combination of existing income and long-term upside, a great unit mix consisting of (4) 2 Bed / 1 Bath, (3) 1 Bed / 1 Bath units. Excellent in-place cash flow on day one, with the benefit of an additional of 35% upside in rents. POSITIVE cash on cash return with current rents. ESTIMATED 7.36 % cap rate, 9.21GRM. Electric and Gas utilities for both buildings are separately metered. Inside with an accepted offer. Fully occupied building , do not disturb tenants . call agent for ore information and Make an offer on the car form RIPA.
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Additional Information
- Appliances
- Oven, Refrigerator, Dryer, Washer
- Heat
- Natural Gas, Space Heater, Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Interior Features
- Ceiling Fan(s)
- Attached Structure
- Detached
- Number Of Units Total
- 7
Listing courtesy of Listing Agent: Marc Chorin (marcchorin@aol.com) from Listing Office: ZARA Equity Corp..
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