Property
Beds
12
Full Baths
None
1/2 Baths
None
Year Built
1905
Sq.Footage
4,085
We are proud to present 8715 Regina Ct, an attractively priced 6-unit multifamily property in Los Angeles, offered at a 11.34% CAP and 6.29 GRM upon lease up on the 4 vacant units, with upside potential to achieve an 11.56% CAP and 6.29 GRM upon stabilization. Located just south of Manchester Ave and east of Hoover St, abutting the Algin Sutton Recreation center, this property offers excellent access with close proximity to the 110 Freeway, multiple Metro stations, and easy access to Downtown Los Angeles, Inglewood, Lennox, Gardena and Crenshaw. The property is comprised of three separate buildings, a two-story front structure, a single-story ADU, and a single-story rear building offering a total of 4,085 rentable square feet. Built in 1905, the property sits on a sizable 5,802 SF LARD2-zoned corner lot with street access on both sides. The unit mix features one three-bedroom unit, four two-bedroom units, and one one-bedroom unit with 4 units delivered VACANT at closing, presenting an immediate opportunity for stabilization at market rents. Five out of six units have been renovated including the four vacant units. Contact the listing broker for additional details.
Features & Amenities
Interior
-
Total Bedrooms
12
-
Bathrooms
N/A
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Parking
Driveway
-
Pool
No
Area & Lot
-
Lot Size(acres)
0.1332
-
Property Type
Residential Income
Price
-
Sales Price
$1,100,000
-
Sq. Footage
4, 085
-
Price/SqFt
$269
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
2
-
Senior Community YN
NO
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Location
County
Los Angeles
Elementary School
Middle School
High School
Listing Courtesy of Casey Lins , Kidder Mathews of California, Inc.
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