Property Details
About this Property
1237 Amherst Avenue is an incredibly clean and well-maintained 9-unit ‘bread-and-butter’ multifamily opportunity situated on a quiet side street in coveted West Los Angeles offered at a 5.1% cap rate! The property is currently generating excellent rental income with the average rent of $2,507/month per unit. There is additional upside of approximately 15-20% from current to market which may be achieved with upgraded in-unit renovations such as modernized and renovated kitchens and bathrooms. The property offers a diverse unit mix of six (6) one-bedroom units and three (3) two-bedroom units (one of which is a spacious Owner's Unit facing Amherst). Many of the units feature private balconies or patios. 1237 Amherst has completed the LA Seismic Retrofit (CofC dated 5/1/2020).
MLS Listing Information
MLS #
CRPW24193373
MLS Source
California Regional MLS
Parking, School, and Other Information
Garage/Parking
No Parking, Garage: 8 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
1237 Amherst Ave is a Residential Income in Los Angeles, CA 90025. This – square foot property sits on a 7,004 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,426,000 and was built in 1966. This address can also be written as 1237 Amherst Ave, Los Angeles, CA 90025.
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This listing information is up-to-date as of December 21, 2024. For the most current information, please contact Everett Wong, (310) 439-5790
