Sold: Oct 26, 2021
Address
245 E 130th Street Los Angeles, CA
Price
$ 1,975,000
Property Attributes
  • MLS#21742180
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • Zip90061
  • Style
  • Price$ 1,975,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Sqr Footage5040
  • Lot Size9,182 SqFt
Listing Provided Courtesy Of:
Jerome McAlpin with McAlpin & Company -
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

We are excited to present this cash flow building in the County Strip of Los Angeles. This eight unit complex boasts an excellent unit mix of all 2 bedroom - 1 bath apartments. The building was constructed in 1960 and contains 5,040 square feet. It is situated on a huge, 9,182 square foot lot that is zoned LCR1YY. The CPU and $/SF may seem a bit high but the income supports the price at $15,719 per month. The current GRM and CAP are very attractive at 10.86 and 6.07 respectively. Make all offers subject to inspection. Please do not walk on property or disturb tenants in any way.

Price History
6/2/2021 Listed $2,190,000
6/22/2021 7% - $2,050,000

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90061

Price
AVG $860K
$1.98M

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