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32027397
32027396

939 S LORENA ST, LOS ANGELES, CA 90023

DB
CA 01896688
Sotheby's International Realty
Listed by Sotheby's International Realty
$865,000
46 days on market
Updated 46 days ago

939 S LORENA ST LOS ANGELES CA 90023

Details
APN 5188-022-017
Property Type Multifamily
Square Footage 1,822
Units 2
Cap Rate 2.61%
NOI $22,608
Occupancy 66%
Pro-Forma Cap Rate 8.32%
Pro-Forma NOI $72,000
Price per SqFt $475
Year Built 1907
Year Renovated 2026
Buildings 2
Lot Size (SqFt) 5,508
Parking Spaces spaces

Great investment opportunity or ideal owner-user property!

Marketing description

Great investment opportunity or ideal owner-user property! This multi-unit property features three units, including a recently renovated front unit that will be delivered vacant at close of escrow. The property consists of two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Each unit is separately metered for water, gas, and electricity, offering added convenience and cost transparency. The layout is well-suited for extended family living or generating rental income. Current rents are below market, presenting strong upside potential for investors. The property will be delivered with tenants in place in two units; the front unit will be vacant. Please do not disturb tenants. Showings by appointment only--contact the listing agent for access. Buyers are advised to conduct their own due diligence regarding tenancy and occupancy options. The seller will not pursue tenant relocation or provide credits for associated costs. Located in an area experiencing significant recent development, this property presents an excellent opportunity for both income generation and long-term growth. Prime Location: Convenient access to major freeways including the 5, 10, 60, 710, and 110. Easy commute to downtown via the newly developed 6th Street Bridge. The surrounding area is experiencing strong growth, with multiple mixed-use developments underway. Additional Notes: Information is deemed reliable but not guaranteed. Buyers are encouraged to conduct their own due diligence and consult with professionals.

Investment highlights

Great investment opportunity! This multi-unit property consists of two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. Each unit is separately metered for water, gas, and electricity, offering added convenience and cost transparency. The layout is well-suited for extended family living or generating rental income. Current rents are below market, presenting strong upside potential for investors. The property will be delivered with tenants in place in two units; the front unit will be vacant.

Listing Contacts

DB
CA 01896688
Sotheby's International Realty
Listed by Sotheby's International Realty

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$22,608.00
$1,884.00/mo

Valuation Metrics

0
DSCR
2.61%
Cap Rate
2.61%
ROI

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Additional Information

Name
Danny Brooks
License
01896688
Brokerage
Remax Gold Coast
Brokerage Phone
8184691272
Title
Broker Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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