Two detached duplexes. Four units. Two vacant at close. 834 Laguna Avenue is a 1925 hillside fourplex two freestanding structures on a single 4,034 SF lot delivering panoramic views, coin-op laundry income, and immediate lease-up upside on two vacant units. Incoming owner sets market rents from day one. No displacement. No friction. Two seasoned tenants in place anchor cash flow. Pro forma NOI $74,422 | 5.95% cap. HPOZ submarket. OM available.
Total Floor Area:
1,520 sq. ft.141 m2
Property Attached:
Yes
Lot Area:
4,034 sq. ft.375 m2
Bedrooms:
2
Full Bathrooms:
0
Three Quarter Bathrooms:
0
Half Bathrooms:
0
One Quarter Bathrooms:
0
Bathrooms:
4.0
(Full:0, Half:0)
Year built:
1925
(Age: 101)
General Listing Location:
Los Angeles, C21 - Silver Lake - Echo Park
County Or Parish:
Los Angeles
Tenant Pays:
Electricity, Gas, Trash Collection, Water
Gross Income:
$101,388
Net Operating Income:
$67,211
Cap Rate %:
5.37
Rent Control:
Yes
Land Lease:
No
Vacancy Allowance:
$5,129
Vacancy Allowance Rate:
$5
From Sunset Blvd, head North on Echo Park Ave. Turn Right on Laguna Ave. Property is situated on the right side of the street. Look for the hillside steps leading up to the units.