4155 Somerset Drive, Los Angeles, CA 90008

$1,360,000 Approx. USD 12 beds, 8 baths
7,352 sqft

Agent Remarks

We are pleased to present this excellent cash flow opportunity in the Baldwin Hills community of Los Angeles. This eight unit property has a balanced unit mix of four 2 bedroom units and four 1 bedrooms. The complex is situated directly across from the new Kaiser near Marlton and Santa Rosalia. It is also adjacent to the new developments taking place at the Baldwin Hills Mall. With a GRM of 12.6 and a 5.20 CAP rate, this is a fantastic opportunity. Tenants in the area enjoy access to Kenneth Hahn Park, the Stocker Corridor Trails and the Norman Houston Park. Building has been upgraded with new electrical panels and energy efficient windows. This deal will provide a nice 4.78% cash flow from day one with plenty of upside in the rents. Information is from sources deemed reliable but are not guaranteed by the seller or listing broker. PLEASE DO NOT DISTURB TENANTS.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 16-171204
List price is $1,360,000
Beds: 12
Baths: 8
Built in 1952
7,352 sqft
2 Story stories
County: Los Angeles
Zoning: LAR3
Parking type: Other
Interior features: Other
Heating description: Other
MLS area: Park Hills Heights (PHHT)

Last Updated: 10/21/2016

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This listing belongs to the Park Hills Heights (PHHT) MLS area

The listing is zoned LAR3.
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Broker: Courtesy of McAlpin & Company
Listing Agent: Jerome McAlpin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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