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Listed by Aaron Jacobson, DRE #02100737 • Lyon Stahl Investment Real Estate, Inc.
$1,060,000
Est. payment /mo
5,840 Sqft Lot
Active
149 W Colden AVE Los Angeles, CA 90003
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26197696
Year Built 2017
Lot Size 5,840 Sqft
Property Sub-Type Duplex
Source California Regional MLS
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.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Interior
Laundry None
Exterior
Garage Spaces 6.0
Pool None
Building
Water District - Public
Others
Tax ID 6053008024
Special Listing Condition Not Applicable
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