1237 Amherst Avenue
$3,600,000
12
11
6,959
6,959
$517
Description
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...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).
- Listed by Everett Wong • DRE #01991247 • Brokerage DRE #01984315 • Greysteel California, Inc. • 310-382-6705
Property Details for 1237 Amherst Avenue
Parking Spaces Total
11
Private PoolNo
Total Units9.0
Building TypeDetached
Lot Size SourceAssessor
Living Area6959
Assessor Parcel Number4263-001-008
Property Attached YNfalse
LISTING UPDATED: 09/25/2024 05:03 AM
Property Details for 1237 Amherst Avenue
Status | Active |
---|---|
MLS # | PW24193373 |
Days on Market | 18 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1966 |
Lot Size | 0.16 AC / 7,004 SF |
County | Los Angeles County |
Building Information for 1237 Amherst Avenue
Stories2Residences-Year Built1966Building Size-Lot Size0.16 AC / 7,004 SF
Property Information for 1237 Amherst Avenue
Property History for 1237 Amherst Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1237 Amherst Avenue
Taxable ValueLand$961,362Additions$605,742Total$1,567,104
Tax Record2024$20,029 ($1,669 / month)
Home Facts
Total Finished SqFt6,959 SqFtAbove Grade Finished SqFt6,959 SqFtLot Size7,002 SqFtStyleMulti-Family Res (5+ Units)Year Built1966ZoningLAR3CountyLOS ANGELESAPN4263-001-008
Schools near 1237 Amherst Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Charter - | 9 to 12 | |||
Charter - | K to 8 |
Rating | School | Distance |
---|---|---|
Brockton Avenue Elementary School PublicK to 5 | ||
Emerson Community Charter School Charter6 to 8 | ||
University Senior High School Charter Charter9 to 12 | ||
Citizens of the World Charter School Mar Vista CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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