1237 Amherst Avenue Los Angeles, CA 90025
1237 Amherst Avenue is an incredibly clean and well-maintained 9-unit ‘bread-and-butter’ multifamily opportunity situated on a quiet side street in coveted West Los Angeles offered at a 5.1% cap rate! The property is currently generating excellent rental income with the average rent of $2, 507/month per unit. There is additional upside of approximately 15-20% from current to market which may be achieved with upgraded in-unit renovations such as modernized and renovated kitchens and bathrooms. The property offers a diverse unit mix of six (6) one-bedroom units and three (3) two-bedroom units (one of which is a spacious Owner's Unit facing Amherst). Many of the units feature private balconies or patios. 1237 Amherst has completed the LA Seismic Retrofit (CofC dated 5/1/2020).
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site13 Days
- MLS StatusActive
- MLS ID NumberPW24193373
- Home Size Source N/A
- Year Built1966
- Lot Size0.1608 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking None
- Parking Spaces 11
- Sewer Public Sewer
- Number of Stories 22
- Acreage 0.1608
- Water Public
- Garage Spaces 8
- Zoning LAR3
- Listing Conditions Standard
Interior Features
- Laundry Features Common Area
Exterior Features
- Pool Features None
- Lot 0-1 Unit/ Acre
Community Features
- Community Features Urban
- Senior Community No
- MLS Area WLA - West Los Angeles