711 W 90th St. Los Angeles, CA 90044
Sold for $76,000 Above Asking
Great Rehab Opportunity for this 5 Unit Apartment Building
Built in 1923, under City of Los Angeles rent control ordinance. 4 of the 5 units currently vacant. 4 units are 2 bedroom 1 bath and 1 unit is 1 bedroom 1 bath. All income and expense numbers are projected based on market rents. Property is NOT generating any income at this time. Property may have open code violations. Buyer to conduct their own investigations. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property. Great value added opportunity. Given the current condition of the property, it may not qualify for a loan.
Probate Sale, subject to Court confirmation, and overbidding in Court. Property sold "AS- IS" and "WHERE IS".
Buyer to conduct their own investigations. Seller is a Court appointed fiduciary and cannot make any representations as to the condition, history of the subject property.
SALE WAS CONFIRMED ON 6/8/2017 TO ORIGINAL BUYER.
| Property Highlights | |
|---|---|
| Street | 711 W 90thSt |
| City | Los Angeles |
| State | CA |
| Zip | 90044 |
| Status | Sold |
| Property Type | Multi-family |
| Asking Price | $499,000 |
| Sold Price | $575,000 |
| Year Built | 1923 |
| Building Sq Ft | 3,746 |
| Number of units | 5 |
| CAP Rate | 8% |
| GRM | 7.00 |
| Broker Name | Vinny |
| Telephone | (310) 207-2288 |
| Sales@iagpm.com | |
| Brochure file |
 Three Photo Flyer_041317.pdf
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