601 W 77th St, Los Angeles, CA 90044

601 W 77th St, Los Angeles, CA 90044

Los Angeles, CA
$ 1,375,000.00

Property Description

INVESTMENT HIGHLIGHTS

  • Best Cash-Flow deal on the market operating at a current 5.84% CAP and 11.95 GRM
  • Completely renovated (1) 2-Bed/1-Bath House and (4) 2- Bedrooms/1-Bath units
  • Unit feature dishwashers and washer/dryer machines
  • Section 8/VOA tenants offer guaranteed income!
  • Separately metered for gas and electric; Property has new gas valves
  • (6) Parking Spots on Site- (2) for the house in the front and (4) for the tenants in the back

EXECUTIVE SUMMARY

Beautifully remodeled 5-Unit building located at 601 W 77th St. The property is currently operating at an astounding 6.01% CAP with top of the market rents. This is the best cash-flow deal on the market! The property has a strong unit mix, with all five units having 2-Bedrooms and 1-Bathroom. The front unit is a large house separated from the remaining units, and is currently vacant. The interiors of each unit have all brand-new cosmetics with very clean finishes, while the exterior has a fresh layer of paint and new windows. The driveway and patio areas have been fully repaved and landscaped. There are (6) parking spots on site- (2) for the front house and (4) for the tenants in the back. With one of the highest CAP rates on the market, this is the perfect investment for any buyer looking to own property with stable cash-flow and little to no maintenance required.

Property Features

  • Sale Price: $ 1,375,000.00
  • Area Size: 3,704 SF
  • Land Area: 7,000 SF
  • Year Built: 1924
  • Listing Date: 6/28/2022
  • Closing Date: 9/09/2022
  • Units: 5
  • Current GRM: 11.95
  • Current Cap Rate: 5.84%
  • Market GRM: 11.16
  • Market Cap Rate: 6.34%

Lyon Stahl Investment Real Estate

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