$880,000
$1,000,000
12.0%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
6 Baths
2,745 SqFt
SOLD DATE : 08/22/2024
Key Details
Sold Price $880,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,745 sqft
Price per Sqft $320
MLS Listing ID 24394893
Sold Date 08/22/24
Bedrooms 5
HOA Y/N No
Year Built 1924
Lot Size 7,501 Sqft
Property Description
BUNGALOWS on Ascot! We are pleased to present a 6-Unit bungalow community located at 5111 Ascot Ave. With 6 separate bungalow structures on the property, tenants enjoy the feeling of living in a single-family home paired with the affordability of living within an apartment community. The building currently operates at a 9.96 GRM on current rents, with rental upside potential to a 6.46 GRM and a 10.85% CAP on pro-forma rents. The units consist of 2 studio bungalows (one of which is a brand new ADU!), 3 one-bedroom bungalows, and 1 two-bedroom bungalow. Delivered with 1 unit VACANT, it will allow the new owner to set a market rent for a very in-demand bungalow product.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR2
Interior
Fireplace No
Exterior
Garage Driveway
Parking Type Driveway
Total Parking Spaces 6
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5104006017
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Casey Lins • Kidder Mathews of California, Inc.