10786 Missouri Ave, Los Angeles, CA 90025

10786 Missouri Ave, Los Angeles, CA 90025

Los Angeles, CA

Property Description

Assumable Financing Available! 3.6% Interest Rate Fixed Until Feb 1. 2027. Loan is around $1.75M Very rare to find an asset like this in Westwood, one of the most desired pocket of Los Angeles. You will not find a better price/unit or price/sf in the area. 10786 Missouri Ave is a 9 unit trophy asset located in an A+ area. The subject property is priced at $477k/unit and still has room to improve the income. Once rented for market, 10786 Missouri Ave will operate at a 5.37% CAP and 13.3 GRM. This is the ideal asset for any investor looking for cash-flow and appreciation in one of the nicest neighborhoods in Los Angeles. 10786 Missouri Ave is comprised of (2) 2Bed+2Bath (1) 2Bed+1Bath, (5) 1Bed+1Bath and (1) Studio+1Bath units. Three units will be delivered tenant ready. Due to its location, the subject property demands high rents, beneficial to any new buyer. There are 5 tandem parking spots, as well as 2 parking spaces in the rear. Located just minutes away from many shops, restaurants, and other entertainment- this is a renter’s dream! With a 89 walk score, this property is considered a walker’s paradise.

Property Features

  • Sale Price: $4,300,000
  • Area Size: 7,658 Sq. Ft.
  • Land Area: 7,430 Sq. Ft.
  • Year Built: 1963
  • Listing Date: 8/22/2023
  • Units: 9
  • Current GRM: 15.93
  • Current Cap Rate: 4.05%
  • Price Per Unit: $477,778
  • Market GRM: 13.30
  • Market Cap Rate: 5.37%
  • Current NOI: $174,308