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Buy a propertyat 9308 Holmes Avenue, Los Angeles, CA 90002

$849,900

$0/mo

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Multifamily

7,154 Sq. Ft. lot

0 Bathrooms

277 Days on market

SB23143175 MLS ID

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About 9308 Holmes Avenue property

Investment Opportunity: Rare - to be delivered Vacant 5-Unit Property in Los Angeles - Welcome to an exceptional investment opportunity in the heart of Los Angeles! This unique property presents a rare chance to acquire a vacant 5-unit building, making it an enticing prospect for seasoned investors and first-time buyers alike. Opportunities like this are hard to come by! All 5 units, including the main house, 2 Bedroom and four 1-bedroom units, will be delivered vacant, Proposed vacancy will be October 1st providing immense potential for immediate occupancy, renovation, or redevelopment. Prime Location: Situated in one of the most sought-after neighborhoods of Los Angeles, this property enjoys excellent access to essential amenities, public transportation, schools, parks, entertainment, and renowned dining options. Diverse Rental Potential: With a mix of 4 - 1-bedroom and 1 - 2-bedroom unit, this property caters to a wide range of tenants, including young professionals, small families, and students attending nearby educational institutions. Investment Flexibility: As a vacant property, you have the flexibility to renovate and upgrade units according to your preferences and market demands, maximizing rental income and overall property value. Income-Generating Potential: Los Angeles has a strong rental market, making this property an excellent income-generating asset for savvy investors seeking long-term returns. Development Opportunities: For investors with a vision, this property opens the door to potential development projects, such as expanding the existing structure or exploring other creative uses for the space. Don't miss out on this unique chance to secure a vacant 5-unit property in Los Angeles. Whether you're an experienced investor looking to add to your portfolio or a future landlord seeking a prime income-generating asset, this investment opportunity promises significant potential for growth and financial success.
Investment Opportunity: Rare - to be delivered Vacant 5-Unit Property in Los Angeles - Welcome to an exceptional investment opportunity in the heart of Los Angeles! This unique property presents a rare chance to acquire a vacant 5-unit building, making it an enticing prospect for seasoned investors and first-time buyers alike. Opportunities like this are hard to come by! All 5 units, including the main house, 2 Bedroom and four 1-bedroom units, will be delivered vacant, Proposed vacancy will be October 1st providing immense potential for immediate occupancy, renovation, or redevelopment. Prime Location: Situated in one of the most sought-after neighborhoods of Los Angeles, this property enjoys excellent access to essential amenities, public transportation, schools, parks, entertainment, and renowned dining options. Diverse Rental Potential: With a mix of 4 - 1-bedroom and 1 - 2-bedroom unit, this property caters to a wide range of tenants, including young professionals, small families, and students attending nearby educational institutions. Investment Flexibility: As a vacant property, you have the flexibility to renovate and upgrade units according to your preferences and market demands, maximizing rental income and overall property value. Income-Generating Potential: Los Angeles has a strong rental market, making this property an excellent income-generating asset for savvy investors seeking long-term returns. Development Opportunities: For investors with a vision, this property opens the door to potential development projects, such as expanding the existing structure or exploring other creative uses for the space. Don't miss out on this unique chance to secure a vacant 5-unit property in Los Angeles. Whether you're an experienced investor looking to add to your portfolio or a future landlord seeking a prime income-generating asset, this investment opportunity promises significant potential for growth and financial success.

Property details

Building

2 total stories

Built in 1955

2552 total building sqft

Traditional

2+ Common Walls

Multi/Split

Community

Street Lights

Urban

Cooling

No cooling

Expenses

Insurance Expense: $3,143

Operating Expense: $21,855

Water Sewer Expense: $3,336

Floors

Laminate

Heating

Baseboard

Income

Gross Income: 0

Gross Scheduled Income: 67140

Net Operating Income: 45285

Listing

Listing ID: SB23143175

Property Subtype: Mixed Use

2 days on market

Listed on 2023-08-03

Rent controlled

Location

County: Los Angeles

Lot

7154 sqft

0.1642 acres

Area: 7154

0-1 Unit/Acre

Parking

6 open parking spaces

6 total parking spaces

Assigned

Asphalt

Concrete

Driveway

Possession

Close Of Escrow

Property

2 buildings

5 units

Property attached

Neighborhood

Sewer

Public Sewer

Taxes

New Taxes: $10,876

Tenant Pays

Cable TV

Electricity

Gas

Telephone

Utilities

5 separate electric meters

5 separate gas meters

Electricity Available

Electricity Connected

Sewer Available

Sewer Connected

Water Available

Water Connected

Monthly cost

Estimated monthly cost

$5,416/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$798,906

+$25,497

$824,403

Seller agent commission$25,497 (3%)*

$0 (0%)

Buyer agent commission$25,497 (3%)*

$25,497 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

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with an Unreal Estate agent

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Unreal Estate checked: May 6, 2024 at 2:15 p.m.

Data updated: Aug 5, 2023 at 8:05 p.m.

Property listed by Redfin Corporation, Venus Martinez
Based on information from California Regional Multiple Listing Service, Inc. as of 08/05/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

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