733 Bernard St, Los Angeles, CA 90012

733 Bernard St, Los Angeles, CA 90012

Los Angeles, CA
$1,850,000

Property Description

All tenants are current on rent! Great opportunity to own a Non Rent Controlled, ‘85 Construction property at 733 Bernard St. , Los Angeles. This Echo Park adjacent 6-Unit asset is located only one block away from Dodgers Stadium! Bernard St. has a very strong unit mix, being comprised of all 2-bedroom/2-bath units. There is plenty of tuck under parking on the property, enough space to fit over 10 cars. Units feature dishwashers and Central A/C & Heat, and copper plumbing. All units are currently receiving good rental income, with the property operating at a 4.38% Cap and 14.53 GRM. There is still over 26% upside in rental income available, offering a proforma 6.75% Cap and 10.73 GRM. Property is separately metered for gas and electric. Do not miss out on a great opportunity to own a Non Rent Controlled, ’85 Construction asset in Los Angeles.

Property Features

  • Sale Price: $1,850,000
  • Land Area: 6264 SF
  • Year Built: 1985
  • Listing Date: 5/10/2021
  • Units: 6

Lyon Stahl Investment Real Estate

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