645 W 97Th Street, Los Angeles, CA 90044
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Listed Price :
$1,986,000
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Beds :
12
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Baths :
9
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Property Size :
4,800 sqft
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Year Built :
2019
Property Description
RENT INCREASES APPROVED AND NEWER CONSTRUCTION PRICED AT 6% CAP RATE! Modern spacious triplex newly built in 2019. Centrally located with easy access to freeways, restaurants, shopping, and more. The front home is a completely independent, detached home with 4 beds, 3 baths, 1,700 square feet, and a two car garage. Separate building at the rear of the lot is more private, each unit also containing 4 beds, 3 baths, and 1,561 square feet. All units promise consistent cash flow at maximum approved rents. All are designed with open living space floorplans, primary bedroom suites, and in-unit laundry. Due to the units being brand new construction as of 2019, the property is not subject to rent control, there are close to zero maintenance costs, and the new construction building warranty guarantees the new owner against latent defects. Hardscaped exterior driveways allow for ample parking, with additional yard space secured by a gate, which also adds extra security for the grounds. All units are separately metered for gas, electricity, and water, with each tenant paying their own utilities. Significant potential for appreciation based on upcoming nearby Olympic and World Cup events, expanding public transportation system, and an influx of investment into the area. Priced at a cap rate of 6% this deal is a no-brainer.
Interior Features
| Bedroom Information |
| Bedrooms |
12 |
| Bathroom Information |
| Bathrooms |
9 |
| Interior Information |
| Cooling Type |
Central Air |
Listing Information
| Address |
645 W 97Th Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90044 |
| County |
Los Angeles |
| Listing Agent |
Amir Torkamani DRE #01928629 |
| Courtesy Of |
Esquire Real Estate Brokerage, Inc. |
| List Price |
$1,986,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
4,800 |
| Lot Size |
6,301 |
| Year Built |
2019 |
Listing information courtesy of: Amir Torkamani, Esquire Real Estate Brokerage, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 26th, 2024 at 12:39 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
