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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$1,060,000
Est. payment /mo
3,729 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 3,729 sqft
Price per Sqft $284
MLS Listing ID SB-26197696
Year Built 2017
Lot Size 5,840 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
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 Metropolitan South
Interior
Laundry None
Exterior
Garage Spaces 6.0
Pool None
Community Features Curbs, Sidewalks, Suburban, Urban
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
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John R Thompson
Broker/Owner License ID: 01200900
Broker/Owner License ID: 01200900