$1,595,000
$300K PRICE DROP

Estimated payment $10,404/month

Total Views 3,358
15 Beds
6 Baths
4,712 Sq Ft
$338 Price per Sq Ft

About This Home

Prime Investment Opportunity High-Yield Income Property. This high-performing, revenue-generating property offers a strong cap rate of over 9.2%, making it an exceptional investment for serious buyers. Extensively upgraded inside and out, the building features newer stucco, fresh paint, a new electrical panel, and a fully inspected and repaired roof, ensuring long-term durability and minimal maintenance costs. Every unit has been completely remodeled, with modernized interiors, updated electrical fixtures, new plumbing, renovated kitchens and bathrooms, and upgraded flooring enhancing tenant appeal and maximizing rental income. With its turnkey condition, modern amenities, and fully occupied units, this property delivers consistent cash flow and strong returns. Ideally located near schools, employment hubs, and shopping centers, it benefits from high tenant demand. The unit mix of six spacious unit 3 x 3-bedroom units and 3 x 2-bedroom further strengthens its investment value, offering a balance of affordability and strong rental potential. This is a rare opportunity to own a low-maintenance, high-yield property in a prime location. Don't miss out!

Listing Agent

Meran Solamany

Keller Williams Beverly Hills License #01301571 Listed on: 03/25/2025

Keller Williams Beverly Hills

Co-Listing Agent

Fred Bas

Keller Williams Encino/Sherman Oaks License #01738433

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 6,501 Sq Ft Lot
  • Lot Dimensions are 50x130

Interior Spaces

  • 4,712 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven
  • Range Hood
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 6022-016-003

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: One
  • Street Number Display: Yes
  • Living Area: 4712
  • Lot Acreage: 0.1492
  • Lot Dimensions: 50x130
  • Probate: No
  • Stories: 2
  • Year Built: 1961
  • Number Of Photos: 17
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Microwave, Oven, Range Hood
  • Bedrooms: 15
  • Total Bathrooms: 6.00
  • Equipment: Refrigerator, Range/Oven, Microwave, Garbage Disposal
  • Price Per S Q F T: 338.50

Exterior Features

  • Other Structures: None
  • Tennis Court Y/N: No
  • Spa Yn: No

Garage/Parking

  • Other Spaces: 6
  • Total Parking: 6

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 40.00
  • Assessed Improvement Value: 235654
  • Assessed Land Percent: 60
  • Assessed Land Value: 353482
  • Total Assessed Value: 589136
  • Assessor Parcel Number: 6022-016-003
  • Lot Size Area: 6501

Rental Info

  • Owner Pays: Water, Gardener

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111
  • Gross Rent Multiplier: 8.09
  • Number Of Units: 6
  • Total Annual Expense: 47149
  • Type Of Units: apartments
  • Vacancy Rate: 1

Tax Info

  • Mello Roos: Unknown

Map

Range of Values:

Collateral Analytics

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2025 06/19/25 Price Changed $1,595,000 -11.1% $338 / Sq Ft
04/29/2025 04/29/25 Price Changed $1,794,000 -0.1% $381 / Sq Ft
04/28/2025 04/28/25 Price Changed $1,795,000 -5.3% $381 / Sq Ft
03/25/2025 03/25/25 For Sale $1,895,000 +628.8% $402 / Sq Ft
11/22/2013 11/22/13 Sold $260,000 -47.5% $55 / Sq Ft
10/20/2013 10/20/13 Pending -- -- --
07/31/2013 07/31/13 For Sale $495,000 -- $105 / Sq Ft
Source: The MLS

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Source: The MLS

MLS Number: 25515757

The MLS