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34456254
34456255

1143 Cardiff Avenue, Los Angeles, CA 90035 For Sale

IE
CA 01882046
$2,550,000
3 days on market
Updated 2 days ago

1143 Cardiff Avenue

Details
APN 4332-002-032
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,571
Units 6
Cap Rate 4.20%
NOI $164,578
Occupancy 100%
Tenancy Multi
Class B
Year Built 1931
Buildings 1
Lot Size (SqFt) 6,102
Zoning LAR3
Parking Spaces 5 spaces
Parking per 1,000 SqFt 1.09

A well maintained multifamily investment in prime location with stable cash flow & long term upside.

Marketing description

Beautifully restored Spanish income property ideally located adjacent to Beverly Hills. This stunning investment opportunity blends timeless architecture with extensive capital improvements, offering both exceptional curb appeal and peace of mind for future ownership. The property showcases a beautifully painted exterior, classic Spanish arches, and an inviting landscaped courtyard that creates a warm and elegant first impression. Multiple units have been thoughtfully remodeled with updated kitchens, bathrooms, flooring, paint, lighting, and modern finishes while maintaining the property's original character.

Beyond the cosmetic renovations, ownership has made substantial investments in the building's infrastructure, including significant plumbing improvements with repiping, gas line upgrades, electrical improvements, sewer line repairs and cleanouts, seismic safety enhancements, and numerous building system upgrades. These major capital improvements significantly reduce future maintenance concerns while enhancing the long term value of the asset.With strong in place income, additional garage rental income, and an irreplaceable location adjacent to Beverly Hills, Cardiff presents an outstanding opportunity to acquire a beautifully maintained Spanish apartment building with meaningful long term upside.

Listing Contacts

IE
CA 01882046

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$164,578.00
$13,714.83/mo

Valuation Metrics

0
DSCR
6.45%
Cap Rate
6.45%
ROI

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Additional Information

Name
Ivan Estrada
License
01882046
Brokerage Phone
310.595.3888
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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