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For Sale

$1,125,000

6,460 sqft$174/sqft41 days on market

4222 Hooper Avenue

Los Angeles, CA 90011

· 8% down, 7% APR, 30yr fixed

12

Beds

7

Baths

6,460

Square feet

1929

Built

Listing narrative

Description

Investor' s Prime location, just minutes away from Downtown LA, USC, BMO Stadium, George Lucas' Billion Dollar Museum, Thomas Jefferson High School and Exposition Park, where the 2028 Olympics will be held! The property consists of 7 large UNITS / 2 two story buildings , with an attractive combination of existing income and long-term upside, a great unit mix consisting of (4) 2 Bed / 1 Bath, (3) 1 Bed / 1 Bath units. Excellent in-place cash flow on day one, with the benefit of an additional of 35% upside in rents. POSITIVE cash on cash return with current rents. ESTIMATED 7.36 % cap rate, 9.21GRM. Electric and Gas utilities for both buildings are separately metered. Inside with an accepted offer. Fully occupied building , do not disturb tenants . call agent for ore information and Make an offer on the car form RIPA.

Listing agent (MLS): Marc Chorin · Listing brokerage (MLS): ZARA Equity Corp.

Property Details

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Price

$1,125,000

Beds

12 bd

Type

House

Home Size

6,460 sqft

Baths

7

Lot Size

0.12 acres

Year

1929

Status

For Sale

Days on Market

41

$ / Sqft

$174

· 8% down, 7% APR, 30yr fixed
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Courtesy of ZARA Equity Corp.