Description:

We are pleased to present 5347 Blackwelder Street in the city of Los Angeles. The property has 3,816 square feet of living space with 4 units in one building with a garage and 3 covered parking. The location is convenient and only minutes from the 10 freeway. Great location conveniences in the area nearby Art district, schools, hospital, coffee shops, restaurant, and stores. Close to Culver City and Expo/La Brea station. Good size unit, large bedrooms, and natural light through large windows. The building is two stories and includes a spacious 3 bedroom/1.50 bathroom, three units are 2 bedroom/1 bathroom. Separate gas and electric meter for each unit, low maintenance. Ideal for an owner-occupant or a professional investor for an income property. Upside potential for a new owner, two units currently are occupied by owners. Unit 3 used Pro forma rent of $2,275 and Unit 4 used Pro forma rent of $2,275 since currently both of them are owner-occupied. The cap rate of 4.24% is calculated based on Actual Rent for Unit 1 $1,625.00, Actual rent for Unit 2 $1,388.00, Pro forma Rent for Unit 3 $2,275, and Pro forma rent for Unit 4 $2,275 and Property Taxes calculation based on 1.25% of the List price $1,475,000

Presented by:

Carl  Adams,  e-Pro, GRI

Director

(215) 803-8507

(215) 803-8507

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Listed by:

Keller Williams Realty Encino-Sherman Oaks

Encino - Sherman Oaks