818 Myrtle Avenue
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Description
- Listed by Cameron Samimi • DRE #02035763 • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc. • 310-259-7556
- Listed by Michael Padilla • Brokerage DRE #01972083 • Lyon Stahl Investment Real Estate, Inc.
Property Details for 818 Myrtle Avenue
Property Details for 818 Myrtle Avenue
Status | Active |
---|---|
MLS # | SB25011648 |
Days on Market | 41 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 2-4 Units |
Year Built | - |
Lot Size | 0.44 AC / 19,249 SF |
County | Los Angeles County |
Building Information for 818 Myrtle Avenue
Property Information for 818 Myrtle Avenue
- System ID: 306343834
- Class: 2-4 UNITS
- Street Number Numeric: 818
- Street Name: Myrtle Avenue
- Directions To Property: Off Prairie and Arbor Vitae
- CFD/Mello-Roos Fee: $0
- CFD/Mello-Roos Fee Reflct: Year
- Supplement: 6.24% Cap Rate and 10.89 GRM on massive 19,250 sqft lot zoned R3 with current in place cash flow. A new buyer can develop 18 units by right or 27 units with 50% density bonus allowed through the city. Perfect asset to land bank for future development while achieving great in place cash flow. Property can achieve 60% rental upside by easily adding 3 ADUs. Offered at $132/ft for land and just $231k/unit. Incredible value here for any investor. 816 Myrtle is just two blocks away from So-Fi Stadium, The Forum & NEW Intuit Dome! 11 bungalow style units situated on a 19,250 sqft lot! The property is currently operating at a 6.24% cap rate and 10.89 GRM with 60% upside available once the ADUs are built. Each unit is separately metered for gas and electric. T he subject property is located only minutes away from Sofi Stadium, YouTube Theater, Intuit Arena, LAX airport, and many more developments. OM in supplements.
- Pool: N/K
- Total Stories: 2
- Entry Only: No
- Lot Size Source: Assessor Record
- Zoning: Assessor
- Assessors Parcel Num: 4024005018
- Unit Num for Unit 1: 1
- Unit 1 Num of Bedrooms: 2
- Unit 1 Num of Total Baths: 1
- Unit 1 Rent Actual: $2,800
- Unit Num for Unit 2: 2
- Unit 2 Num of Bedrooms: 1
- Unit 2 Num of Total Baths: 1
- Unit 2 Rent Actual: $1,581
- Unit Num for Unit 3: 3
- Unit 3 Num of Bedrooms: 1
- Unit 3 Num of Total Baths: 1
- Unit 3 Rent Actual: $1,581
- Unit Num for Unit 4: 4
- Unit 4 Num of Bedrooms: 1
- Unit 4 Num of Total Baths: 1
- Unit 4 Rent Actual: $1,524
Property History for 818 Myrtle 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.
Schools near 818 Myrtle Avenue
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Charter - | K to 5 |
Rating | School | Distance |
---|---|---|
Kelso (William H.) Elementary School PublicK to 6 | ||
Crozier (George W.) Middle School Public7 to 8 | ||
Morningside High School Public9 to 12 | ||
Icef Inglewood Elementary Charter Academy CharterK to 5 |
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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Listing Courtesy of Lyon Stahl Investment Real Estate, Inc., Cameron Samimi, DRE #02035763; Lyon Stahl Investment Real Estate, Inc., Michael Padilla
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.