1138 Cardiff Ave, Los Angeles, CA 90035

1138 Cardiff Ave, Los Angeles, CA 90035

Los Angeles, CA
$ 2,100,000

Property Description

Fantastic 7-unit investment property located in Los Angeles, directly adjacent to Beverly Hills. The building features 7 units and 6,338 square feet of living area in total, with (5) 1-bed / 1-bath units & (2) 2-bed / 2-bath units. The building also includes a community laundry area and parking for up to 6 vehicles. Additionally, the soft story retrofit has been completed and earthquake gas shut off valves have already been installed. 1138 Cardiff Ave provides savvy investors the opportunity to capitalize on over 45% upside on the current rents. Offered at a competitive basis, this property is nestled in one of the highest demand pockets of the Pico-Robertson neighborhood, directly adjacent to prime Beverly Hills.

Property Features

  • Sale Price: $ 2,100,000
  • Area Size: 6,076 sq ft lot
  • Year Built: 1954
  • Listing Date: 05-08-2024
  • Closing Date: 8-12-2024
  • Units: 7
  • Current GRM: 15.75
  • Current Cap Rate: 3.64

Lyon Stahl Investment Real Estate

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