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$1,060,000
Est. payment /mo
5,841 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26197696
HOA Y/N No
Year Built 2017
Lot Size 5,841 Sqft
Property Sub-Type Apartment
Property Description
2017 Construction! No Rent Control!
149 W Colden Ave is a FULLY VACANT 2-unit multifamily investment
opportunity in one of Los Angeles' fastest growing neighborhoods,
offered at $1,060,000. Upon stabilization, the property is projected to
achieve an attractive 6.68% Cap Rate and a 11.04 GRM. In-place
rents are at or near market, offering immediate, stabilized cash flow.
Built in 2017, the property totals approximately 3,729 SF on a 5,840 SF
lot ($284/SF). The property features a unit mix of (2) 5+3, with 6 on-
site parking spaces. Both units will be delivered fully vacant and
move-in ready, allowing a new owner to lease at market rents
immediately without the challenges of tenant relocation. Once fully
leased, the property is projected to generate $8,000 in scheduled
monthly rental income.
Whether for an investor seeking strong cash flow or an owner-
user looking to occupy a unit while maximizing rental income
from the remaining unit, 149 W Colden offers exceptional
flexibility and upside. 149 W Colden Ave is well positioned in Los
Angeles, CA 90003, close to major employment centers, retail
corridors and transit, in a rental market characterized by consistent
demand and long-term appreciation.
149 W Colden Ave is a FULLY VACANT 2-unit multifamily investment
opportunity in one of Los Angeles' fastest growing neighborhoods,
offered at $1,060,000. Upon stabilization, the property is projected to
achieve an attractive 6.68% Cap Rate and a 11.04 GRM. In-place
rents are at or near market, offering immediate, stabilized cash flow.
Built in 2017, the property totals approximately 3,729 SF on a 5,840 SF
lot ($284/SF). The property features a unit mix of (2) 5+3, with 6 on-
site parking spaces. Both units will be delivered fully vacant and
move-in ready, allowing a new owner to lease at market rents
immediately without the challenges of tenant relocation. Once fully
leased, the property is projected to generate $8,000 in scheduled
monthly rental income.
Whether for an investor seeking strong cash flow or an owner-
user looking to occupy a unit while maximizing rental income
from the remaining unit, 149 W Colden offers exceptional
flexibility and upside. 149 W Colden Ave is well positioned in Los
Angeles, CA 90003, close to major employment centers, retail
corridors and transit, in a rental market characterized by consistent
demand and long-term appreciation.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 6.0
Garage Description 6.0
Pool None
Community Features Curbs, Suburban, Sidewalks, Urban
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6053008024
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Special Listing Condition Standard
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Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc. 310-729-1559, DRE #02100737
Nearby Locations
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