$599,000
Estimated Payment$2,829/mo
Multi-Family For Sale

841 W 74th St, Los Angeles, CA 90044

7Beds
4Baths
2,238Sq. Ft.
Multi-Family Home In Vermont Knolls

We are pleased to present this bite size deal in South Los Angeles. This 4-unit property sits on a 5,602 sq.ft lot (0.13 acres), has a total building size of 2,238 sq.ft., and boasts a good unit mix of (2) 1-bed/1-bath units, (1) 2-bed/1-bath Adu, and (1) 3-bed/1-bath house. This property is currently 3 legal units with 1 non-conforming unit which is a converted garage. However, the Seller has just received fully approved Rti plans to legally convert the nonconforming unit to a legal Adu. The seller will be selling this property as-is, and the Buyer will be responsible for completing the Adu conversion. The Seller has received bids to complete this Adu work, and the cost will be between $50,000 to $60,000.Therefore, the buyer of this property should expect a total investment of up to $659,000 including the purchase price and Adu conversion cost. At this total cost, the buyers effective Cap rate will be 5.22% with the long-term value add potential of over 35% upside in rents. If the buyer was able to get all of the units to our very achievable market rents, the buyer will be able to achieve an extremely desirable 8.50% Cap rate and an estimated 17.81% cash-on-cash return!

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841 W 74th St
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Location
841 W 74th St Los Angeles, CA 90044
Home Details

Listing Details

General

  • Total Number of Units: 4

    Interior Details

    Utilities

    • Heating Details: Other
    • Cooling Details: Other

    Financial Details

    Tax Details

    • Zoning: LARD2

      Property Details

      General

      • Stories: 1

        Parking

        • Parking Features: Other
        • Other Parking: Other

        Other

        • Other Equipment: Other

          Location Details

          Region

          • City/Region: Metropolitan Southwest

            MLS Details

            General

            • Days on Homes.com: 241
            • MLS Number: 21-715822
            • Listed: 4/6/2021
            • Last Updated: 12/1/2021
            • Offered By: Marcus & Millichap
            • Listing Source: Combined La Westside - Claw
            Monthly Payment Calculator

            $2,829

            Estimated Mortgage
            Principal & Interest
            $2,020
            Insurance
            $210
            Taxes
            $599
            Mortgage Insurance
            $0
            i
            Include PMI: Private Mortgage Insurance (PMI) is required by lenders if the down payment is less than 20% of the home price. It is recommended to include this field if your down payment is less than 20% of the home price.
            i
            If you or your spouse are active or retired military you may be eligible for special VA loan programs for veterans. The VA loan programs include benefits like no down payment and no private mortgage insurance (PMI).
            Nearby Schools
            • Gerald A Lawson Academy Of The Arts Math Science Elementary
              Class size: 24Distance: 0.33 mi
              C-
            • Mary McLeod Bethune Middle School
              Class size: 21Distance: 0.80 mi
              C
            • Mervyn M Dymally Senior High
              Class size: 23Distance: 1.52 mi
              C-
            Listing Agent
            Filip Niculete
            Marcus & MillichapLicense # 01905352
            Los Angeles, CA
            Continue Your Search

            $599,000

            7 Beds4 Baths2,238 Sq. Ft.

            841 W 74th St

            Los Angeles, CA 90044

            Filip Niculete
            Marcus & Millichap