645 W 97th St, Los Angeles, CA 90044 – 24-458067

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$1,986,000

Est. payment - /mo

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12 BD

9 BA

4,800 SqFt

Active

645 W 97th St Los Angeles, CA 90044

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Norma Mardelli

norma@mardellirealestate.com +1(818) 400-3794

UPDATED:

11/25/2024 11:31 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $413

MLS Listing ID 24-458067

Style Modern

Bedrooms 12

Construction Status New Construction, Updated/Remodeled

Year Built 2019

Lot Size 6,301 Sqft

Acres 0.1446

Property Description

RENT INCREASES APPROVED AND NEWER CONSTRUCTION PRICED AT 6% CAP RATE! Modern spacious triplex newly built in 2019. Centrally located with easy access to freeways, restaurants, shopping, and more. The front home is a completely independent, detached home with 4 beds, 3 baths, 1,700 square feet, and a two car garage. Separate building at the rear of the lot is more private, each unit also containing 4 beds, 3 baths, and 1,561 square feet. All units promise consistent cash flow at maximum approved rents. All are designed with open living space floorplans, primary bedroom suites, and in-unit laundry. Due to the units being brand new construction as of 2019, the property is not subject to rent control, there are close to zero maintenance costs, and the new construction building warranty guarantees the new owner against latent defects. Hardscaped exterior driveways allow for ample parking, with additional yard space secured by a gate, which also adds extra security for the grounds. All units are separately metered for gas, electricity, and water, with each tenant paying their own utilities. Significant potential for appreciation based on upcoming nearby Olympic and World Cup events, expanding public transportation system, and an influx of investment into the area. Priced at a cap rate of 6% this deal is a no-brainer.

Location

State CA

County Los Angeles

Area Metropolitan Southwest

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Flooring Mixed

Fireplaces Type None

Equipment Dishwasher, Dryer, Washer, Refrigerator, Garbage Disposal, Range/Oven, Microwave

Laundry In Unit

Exterior

Parking Features Attached, Carport Attached, Driveway, Garage - 2 Car

Garage Spaces 6.0

View Y/N No

View None

Building

Story 2

Architectural Style Modern

Level or Stories Two

Construction Status New Construction, Updated/Remodeled

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Esquire Real Estate Brokerage, Inc.