2592 Armacost Ave

01-28-2022
05-03-2022

2592 Armacost Ave, Los Angeles, CA 90064

  • 3 of 5 units extensively renovated
  • Potential to add ADU above detached garage (buyer to verify)
  • Corner Lot
  • 5 Enclosed Parking Garage Spaces (No Seismic Retrofit Required)
  • 32% Upside in Current Rents

Property Description

RE/MAX One Commercial is proud to present this 5-unit Multi-family asset located in West Los Angeles. The property boasts a desirable unit mix of two(2) two-bedroom, two(2) one-bedroom and one(1) studio. There is also potential to add an Accessory Dwelling Unit(ADU) above the detached garage(buyer to verify with LA City Planning). Three of the five units have been extensively renovated, featuring double-paned windows, laminate flooring, stainless steel appliances, recessed lighting and modern touches, with in-unit laundry added to each renovated unit. 2592 Armacost Ave is situated on a corner lot on a mostly residential street providing ample street parking. There are also 5 enclosed garage parking spaces with no seismic retrofit required. This is a true value add investment with over 32% upside in the current rents. Please do not disturb the tenants. All showings will be subject to an accepted offer.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 2,275,000
No. of Units
5
Cap Rate
2.96%
GRM / GIM
18.83
Year Built
1950
Building Size
3,832 Sq ft
Lot Size
5,415 Sq ft
No. of Stories
2
Opportunity Zone
Off
Price per unit
$ 455,000
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34.025208, -118.445461

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