4125 Palmyra Road

    Los Angeles (City), CA 90008
    • $3,800,000
    • STATUS: Pending
    • ON SITE: 132 days
    • ID#: SB18287710
    Pending
    UPDATED: 115 min ago
    $3,800,000
    • 0
      BEDS
    • 0.36
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,790
      SQFT
    • $241
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    Boasting potential rental upside of 48% +/-, this is a terrific opportunity for both new or seasoned apartment investors. Built in 1957, 4125 Palmyra Road sits on an large 15,599 square foot lot and has 15,790 in rentable square feet. The building has also recently finished it+GGs soft-story retrofit compliance work. The plumbing was upgraded to copper piping in 2012, and the two boilers were replaced in 2015 and 2017. The building was also recently repainted. Each unit is also individually metered for gas and electricity. There are also 12 on site, secured parking spaces for tenants and the building also provides on-site laundry facilities. A few of the units have been rehabbed as they turn over, and may include new tiling and vanities in bathrooms, modern kitchen cabinetry, and attractive vaulted ceilings. In today's competitive rental market, 4125 Palmyra Road is a rare find for both investors and tenants alike.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-19T13:34:57.453. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/89938241

    4125 Palmyra Road Los Angeles (City), CA 90008

    • Price: $3,800,000
    • Status: Pending
    • Updated: 115 min ago
    • ID#: SB18287710
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.36
    Acres
    15,790
    SQFT
    $241
    $/SQFT
    1957
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    Boasting potential rental upside of 48% +/-, this is a terrific opportunity for both new or seasoned apartment investors. Built in 1957, 4125 Palmyra Road sits on an large 15,599 square foot lot and has 15,790 in rentable square feet. The building has also recently finished it+GGs soft-story retrofit compliance work. The plumbing was upgraded to copper piping in 2012, and the two boilers were replaced in 2015 and 2017. The building was also recently repainted. Each unit is also individually metered for gas and electricity. There are also 12 on site, secured parking spaces for tenants and the building also provides on-site laundry facilities. A few of the units have been rehabbed as they turn over, and may include new tiling and vanities in bathrooms, modern kitchen cabinetry, and attractive vaulted ceilings. In today's competitive rental market, 4125 Palmyra Road is a rare find for both investors and tenants alike.
    Exterior Features

    Garage Spaces 0.00 Lot Features 16-20 Units/AcreLevel With StreetLot 10000-19999 SqftLevel Lot Size Source Assessor Lot Size Units Square Feet Parking Features Covered Parking Total 0.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Cap Rate 4.07 Community Features SidewalksStorm DrainsStreet LightsUrban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 268520.00 Gross Multiplier 14.77 Gross Scheduled Income 268521.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 154622.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 19 Number Of Separate Gas Meters 19 Number Of Separate Water Meters 1 Operating Expense 113899.00 Other Expense 113899.00 Other Expense Description Contact Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 113899.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Zoning Lar3

    Listing provided courtesy of Josh Cohen of Keller Williams Beach Cities


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-04-19T13:34:57.453. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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