$3,600,000
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1237 Amherst Avenue Los Angeles, CA 90025
Mixed Use
Residence
Beds
Baths
...
Bed/Bath
6,959
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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).
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MLS#
PW24193373
Property Type
Mixed Use
Year Built
1966
Square Feet
6,959
sq. ft
Lot Size
0.16
Stories
2.0
Sewer
Public Sewer
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