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listing
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Residential IncomeFor Sale
$2,199,000
2533 Lucerne Avenue
Los Angeles, CA 90016
Listed by Kory Jackson DRE#01315324 KoryJackson@gmail.com eXp Realty Of California Inc
MLS: California Regional MLS (CRMLS)
12Beds
6Baths
5,530Sq Ft
Est. Mortgage
$11,451/mo

Very rare, West Adams 4-unit apartment building. Property near Culver City, The Cumulus District, the Hayden Tract, and The Habitat ( and West Adams) is one of the hottest and up-and-coming neighborhoods in Los Angeles. There is an opportunity for an owner to live in one of the units while renting out the others for instant income or add it to your long-term portfolio for potential future development. Gross Scheduled Income (GSI) $92,160; Expenses $28,860; Net Operating Income (NOI) $63,300; GRM 23.87; Cap Rate 4.19%. All units are INDIVIDUALLY WATER, GAS, AND ELECTRIC METERS. Low maintenance costs with fully tile flooring. Unit mix: 3 BD/2BA, 3BD/1BA, 3BED/1BA AND 3 BD/2BA. Easy access to Mar Vista, Venice, Playa Vista, LAX, DTLA and the Expo Line. BRING YOUR BEST OFFER!

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Information courtesy of eXp Realty Of California Inc is subject to verification and is not guaranteed.
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