Listing provided courtesy of Everett Wong of Greysteel California, Inc.. Last updated 2024-09-19 08:11:36.000000. Listing information © 2024 CLAW.
Asking Price: $3,600,000
1237 Amherst, Los Angeles CA 90025
Community: WLA - West Los Angeles
This Commercial/Residential property was built in 1966 and is priced at $3,600,000. Please see the additional details below.
1237 Amherst Avenue is a 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 renovated kitchens and bathrooms. The property offers a diverse unit mix of six (6) one-bedroom units and three (3) two-bedroom units, many of which feature private balconies or patios. 1237 Amherst has completed the LA Seismic Retrofit (CofC dated 5/1/2020).