First time in the market since 1996. Value add opportunity. Low actual rents incredible room for revenue increases as the asset is stabilized. Priced aggressively for a fast escrow. Do not disturb tenants. They are unaware of sale. Individually metered for gas and electric. Front building has a 2 bedroom 1 bath unit, a 1 bedroom 1 bath unit and a single unit. Second building has two 1 bedroom 1 bath units and third building is a single unit. Total current monthly rent is $4,600 per month. If it were are market rents it would be $8,400. Big room for improvement. This building is in a Historic Preservation Zone but it is NOT listed as a Historic Building. Drive by and submit offer with proof of funds. One unit is non-conforming. Tax records show 5 units. It has been 6 units since owner bought it in 1996. Buyer to conduct their own due diligence. Tax records show firve units.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listing Removed For Sale | $898,888 | Exp Realty Washington, Inc. | ||
Price Changed | $898,888 -4.17% | Exp Realty Washington, Inc. | ||
Price Changed | $938,000 -3.1% | Exp Realty Washington, Inc. | ||
Price Changed | $968,000 -7.81% | Exp Realty Washington, Inc. | ||
Listed For Sale | $1,050,000 | Exp Realty Washington, Inc. |
Elementary School Hoover Street Elementary | 0.3 miles away | KG - 05 | |
Elementary School Leo Politi Elementary | 0.3 miles away | KG - 05 | |
Elementary School Macarthur Park Primary Center | 0.3 miles away | KG - 01 |