8900 Baring Cross Street, Los Angeles, CA 90044
- $2,500,000
- Sold Price
- $2,500,000
- List Price
- $2,600,000
- Closing Date
- Mar 08, 2022
- Status
- CLOSED
- MLS#
- SB21256802
- Year Built
- 1963
- Lot Size
- 9,029
- Acres
- 0.21
- Lot Location
- Street Level
- Days on Market
- 64
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
Price just reduced $200,000!! We are proud to present our latest investment opportunity located at 8900 Baring Cross. Priced at a current 4.94% Cap Rate, this 11 unit property features strong current cash flow and offers upside of 30% +/- for a new owner! The 9,356 square foot building has a unit mix of one 4 Bed unit, six 3 Bed units, and four 2 Bed units (Property legally 10 units, operated as 11 since before current ownership). The grounds feature onsite laundry facilities and ample parking for tenants.
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Additional Information
- Pool Description
- None
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 11
- Gross Scheduled Income
- $222,804
- Operating Expense
- 90235
Listing courtesy of Listing Agent: Josh Cohen (josh@cohengroupla.com) from Listing Office: Keller Williams Beach Cities.
Listing sold by Maria Samouha from Coldwell Banker Realty
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.