Address
225 W Century Boulevard Los Angeles, CA
Price
$ 925,000
Property Attributes
  • MLS#SB21203374
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • Zip90003
  • StyleQuadruplex
  • Price$ 925,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage2598
  • Lot Size4,418 SqFt
Listing Provided Courtesy Of:
Josue Najera with Equinox Strategic Partners - 310-666-6780
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

Upside Opportunity in Los Angeles – Listed at a 4.7% Cap Rate with a Proforma Cap Rate of 7.8%. Investors: This is a great opportunity to acquire an income-producing property with substantial upside. The exterior and interior are in healthy condition. Each unit has it's own separate gas and electric meters. This property contains 4 units at 2 Bedroom and 1 Bathroom each. Rents are scheduled to increase in October and all tenants are current in their rent and pay on time, every time. Each tenant has their own parking space in the back. This property is located along the highly trafficked corridors of Century Blvd and Broadway minutes from the 110 freeway. In one of the densest areas of Los Angeles. This property has substantial rent upside as most units are currently in section 8 and well under the market. Passive income potential and property appreciation opportunity as investors and developers continue to advance this area.

Price History
9/16/2021 Listed $925,000

General Features

Community Features Street Lights, Sidewalks
Cooling None
Heating None
Levels Two
Listing Agent Josue Najera - BRE#01929085
Listing Agent State License 01929085
Lot Size Square Feet 4418
MLS Area 699 - Not Defined
Open Parking Spaces 4
Pool Features None
Property Attached Y/N Yes
Property Sub Type Additional Quadruplex
Property SubType Quadruplex
Property Type Residential Income
PropertyCondition Updated/Remodeled
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Status Active
Stories 2
Terms 1031 Exchange
Total Actual Rent 4674
Total Units 4
Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Virtual Tour https://www.equinoxcre.com/225-w-century
Water Sewer Expense 2100
Zoning LAR2

Interior Features

Common Walls 2+ Common Walls
Fireplace Features None
Laundry Features None

Exterior Features

Lot Features 0-1 Unit/Acre
Lot Size Acres 0.1
Lot Size Area 4418
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 4
Number of Separate Gas Meters 4
Number of Separate Water Meters 1
Parking Features On Site
Total Parking 4
Water Source Public

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 90003

Price
AVG $850K
$930K
Visits
AVG 33
9
Year Built
AVG 1943
1963
Walkscore
AVG 70
66
Data Provided by Walkscore ® not using MLS data

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