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1106 N Stone St
Los Angeles, CA 90063

Multifamily Property For Sale · 8 Units

PROPERTY FACTS

No. Units 8
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.11 AC
Building Size 6,650 SF
No. Stories 2
Year Built 1928
Parking Ratio 0.3/1,000 SF

Unit Amenities

  • Heating
  • Kitchen

About 1106 N Stone St , Los Angeles, CA 90063

How would you like to have a multi-family property that: a) cash flows very nicely, b) is fully and beautifully renovated so you don't spend a penny for sometime to come and c) has great upside, all in the same package? Well, here it is! This is 8 units in Boyle Hts with 6 current market tenants and two long term low rent tenants. Whenever those two tenants vacate you can add an additional $2K/mo! According to our calculations you should be able to net about $4500/mo or $54,000 annually right now, while putting down about $525K. And all this in a hugely up and coming neighborhood. Showing with accepted offer only. There is a mechanic's lien on the property which should be gone by mid-March, 2017. see google maps

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5229-006-014
Land Assessment
$557,758
Improvements Assessment
$1,444,707
Total Assessment
$2,002,465

zoning

Zoning Code R2, Los Angeles
R2, Los Angeles
  • Listing ID: 5873743

  • Date on Market: 2/16/2017

  • Last Updated:

  • Address: 1106 N Stone St, Los Angeles, CA 90063

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