2810 Somerset Drive
Los Angeles, CA 90016
4643 sqft | 4 beds | 0.14 acres | #24448595
Description
This prime 4 unit asset located in the iconic West Adams neighborhood of Los Angeles is available. With a potential cap rate of 9.8, buying this building is a no-brainer from an investment perspective. Currently three units are occupied and one unit will be delivered vacant. Each unit has washer and dryer hookups in the unit and each unit has its own garage space (total 4 garage spaces) making it easy to rent out to prospective tenants. When you own buildings like this there will not be a lot of turnover. The units are almost 1200 sq feet each, could easily be converted into two bedrooms which would yield even more rent and an even better cap rate. There is space in the back for additional parking or to build an ADU to further get additional rents. If you're looking for a great as-is or value add investment then you don't want to miss this one.
Interior Details
- Bedrooms4
Property Details
- ViewCityLights
- Stories2
Measurements
- Acres0.1444
- Square Feet4643
Parking
- Parking Spaces4
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1929
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,200,000
Other
- MLS #24448595
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Mark King (#CLW-C137419)
Listing Office: Big Block Platinum (#CLW-X83453)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
