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For Sale

$1,060,000

5,841 sqft$181/sqft60 days on market

149 W Colden Avenue

Los Angeles, CA 90003

ยท 8% down, 7% APR, 30yr fixed

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Beds

โ€”

Baths

5,841

Square feet

2017

Built

Listing narrative

Description

2017 Construction! No Rent Control! 149 W Colden Ave is a FULLY VACANT 2-unit multifamily investment opportunity in one of Los Angeles' fastest growing neighborhoods, offered at $1,060,000. Upon stabilization, the property is projected to achieve an attractive 6.68% Cap Rate and a 11.04 GRM. In-place rents are at or near market, offering immediate, stabilized cash flow. Built in 2017, the property totals approximately 3,729 SF on a 5,840 SF lot ($284/SF). The property features a unit mix of (2) 5+3, with 6 on- site parking spaces. Both units will be delivered fully vacant and move-in ready, allowing a new owner to lease at market rents immediately without the challenges of tenant relocation. Once fully leased, the property is projected to generate $8,000 in scheduled monthly rental income. Whether for an investor seeking strong cash flow or an owner- user looking to occupy a unit while maximizing rental income from the remaining unit, 149 W Colden offers exceptional flexibility and upside. 149 W Colden Ave is well positioned in Los Angeles, CA 90003, close to major employment centers, retail corridors and transit, in a rental market characterized by consistent demand and long-term appreciation.

Listing agent (MLS): Aaron Jacobson ยท Listing brokerage (MLS): Lyon Stahl Investment Real Estate, Inc.

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,060,000

Beds

Beds n/a

Type

Condo

Home Size

5,841 sqft

Baths

Baths n/a

Lot Size

0.13 acres

Year

2017

Status

For Sale

Days on Market

60

$ / Sqft

$181

ยท 8% down, 7% APR, 30yr fixed
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Courtesy of Lyon Stahl Investment Real Estate, Inc.