Option West Realty
Listed by Option West Realty
$1,299,000
N Virgil
Details
APN 5539-034-007
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 1,886
Cap Rate 0.27%
NOI $3,500
Occupancy 100%
Price per SqFt $689
Broker Co-Op Yes
Year Built 1906
Buildings 1
Stories 1
Lot Size (SqFt) 72,560
Zoning LAR3
Investment Type Redevelopment
Ground Lease No
Multifamily | 0.27% CAP
Marketing description
This Property is a unique opportunity. The home is located on a 7,260 square foot lot that is zoned LAR3. The highest and best use for this property is redevelopment. the current zoning would allow for 9 townhomes or an apartment building with much more units, this property also qualifies for a TOC density upgrade. The home is currently being rents at market value, which would help cover expenses going thru the permitting process. There are additional opportunities that exist for the right buyer, please call for more details at 323-240-5499
Listing Contacts
Option West Realty
Listed by Option West Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$3,500.00
$291.67/mo
Valuation Metrics
0
DSCR
0.27%
Cap Rate
0.27%
ROI
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