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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Adlai Hayes, DRE #01103799 • Adlai Hayes

$ 770,000

Est. payment | -/mo

6 Beds

4 Baths

2,550 SqFt

Save

$ 770,000

Est. payment | -/mo

Save

6 Beds

4 Baths

2,550 SqFt

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,550 sqft

Price per Sqft $301

MLS Listing ID CRSR26086609

Bedrooms 6

Full Baths 4

Year Built 1958

Lot Size 6,508 Sqft

Property Sub-Type Fourplex

Source California Regional MLS

Property Description

Back on the Market! Presenting Project NH11, a premier strategic value-add opportunity in the rapidly appreciating 90044 corridor. This 4-unit asset is delivered 75% vacant (3 out of 4 units empty at close), allowing an investor to bypass tenant buyouts and immediately execute a modernization plan. The property features a rare and high-demand unit mix consisting of one 3-Bedroom/1-Bath flagship unit and three 1-Bedroom/1-Bath units. The investment blueprint includes a dedicated $90,000 renovation allocation, headlined by a $30,000 Phase I Electrical Infrastructure Upgrade to a full 400A main panel with separate meters. This infrastructure-first approach future-proofs the asset for high-efficiency appliances and mini-split HVAC systems while shifting utility costs to tenants. With a projected stabilized monthly gross income of $8,650, Project NH11 offers a massive 12.8% pro-forma Cash-on-Cash return and a stabilized 8.61% CAP rate on total basis. Transform this distressed property into a Class-A boutique residence and capture significant forced equity. One unit currently occupied at $950/mo. Sold as-is. Don't miss the cleanest value-add play on the market!

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Interior

Cooling None

Fireplaces Type None

Laundry None

Exterior

Pool None

View None

Building

Story One Story

Water District - Public

Others

Tax ID 6076023014

Special Listing Condition Not Applicable

NEARBY SCHOOL & BUSINESS

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

11100 S, New Hampshire Los Angeles, CA 90044