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Shawn Luong
Mobile Phone:
626-643-7090
reoagent@shawnluong.com

DRE# 00857818
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Shawn Luong
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Mobile Phone:
626-643-7090
reoagent@
shawnluong.com

DRE# 00857818
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Buyer Info
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Seller Info
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Your Home's Value
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SOLD
$1,225,000
Date 05/24/2019

1853 W Adams
Los Angeles, CA 90018

Cluster
Residence
475,200
Sq. Ft.
0.1527
Acre Lot
1of
Photos
Map
Courtesy: Jung Lee - Keller Williams Larchmont
CRMLS Homeseekers> California> Los Angeles> 90018
Priced to sell! Excellent Four Plex income property for investors who are looking for a nice cash flow with more upside rent potential! This 4-unit residential income property is in a prime location only minutes away from USC, Downtown, and Korea Town. Easy access to the 10 & 110 FWY. Currently, TWO units have been completely remodeled and ready for new tenants at $2300 per unit, $4600 total. The projected income from all four units (2 existing and 2 new lease) would be around $82,800 of annual gross rent, which already at 5.3+% Cap! and it still has huge upside rent potential from the other two units that are paying under market rent. Amazing and rare find opportunity for savvy investors who are seeking for a great potential yet safe investment in income and property value. Commercial zoning for this property (LAC1) allows for many commercial uses. The total building size is 4,752 sq.ft, very spacious units each about 1200 sq.ft. on a 6,650 sq.ft. lot and 6 parking spaces.
19447714
Cluster, 2 Story
Los Angeles
1913
0.1527 Acres
2
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Data Provided by Onboard
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Jung Lee - Keller Williams Larchmont
Licensed in: DRE# 02015973
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