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601 W 77th St, Los Angeles, CA 90044

$1,275,000

Description

Beautifully remodeled 5-Unit building located at 601 W. 77th St. Property is currently operating at an astounding 5.86% Cap Rate with top of the market rents!

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, currently receiving $2,100 a
month, while the remaining back units operate at $1,825 per month. 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, giving the property extra charm.

With one of the highest cap rates on the market, this is the perfect investment for any buyer looking to own property with more than stable cash flow and little to no maintenance required.

Investment Highlights: 

• One of the best cap rates on the market operating at a current 5.86% Cap
• All (5) units operate as 2-bedrooms/1-bath
• The cosmetics in each unit have been fully remodeled
• Property has new gas valves, plumbing is all galvonized
• Separately metered for gas and electric
• Units feature dishwashers and washer/dryer machines
• Exterior has been fully repainted, landscaped, and repaved

Property Downloads

Address

  • City: Los Angeles
  • State/county: CA
  • Country: United States

Detail

Updated on September 9, 2019 at 10:02 pm

  • Price: $1,275,000
  • Property Size: 3,704 Sq Ft
  • Land Area: 7,000 Sq Ft
  • Garage: 2
  • Year Built: 1924
  • Property Type: Multifamily
  • Property Status: Active
  • Numbers of Units: 5
  • GRM: 11.21
  • CAP RATE: 5.86%
  • Market GRM: 10.84
  • Market CAP RATE: 6.16%

Contact info

Cameron Samimi
Cameron Samimi
(310) 880-3855 (310) 259-7556
Linkedin
Parker Boehle
Parker Boehle
(424) 325-7233(310) 988-8361

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