Description

As the Buyer’s representative, Maher Commercial Realty was able to underwrite this as a pro forma 15% cash-on-cash return in year one after acquisition. The subject property included one vacant unit as well as a legal storage unit and two-car garage (both convertible to ADU’s). This was an upleg to a 1031 exchange in which MCR was able to help the Buyer move their funds into a superior asset class, superior location, and a vision for an exponentially higher return on equity within one year of ownership.

Sale Price: $965,000
Number of Units: 3
Building Size: 1,810 Sq.Ft.
Lot Size: 4,773 Sq.Ft.
Price Per Sq.Ft. (Building): $533.15
Zoning: LAR-3
Parking: 2-Car Garage and Carport


3
Bedrooms

Property ID

221 Lake Shore Terrace, Los Angeles, CA

Property Type

Residential

Built in

1924

Status

Sold

Price

$965,000.00

Additional Features

N

income property

N

los angeles investment property for sale

N

los angeles real estate

N

los angeles residential for sale

N

los angeles residential property

N

maher commercial realty


Agent

Oron Maher

Oron Maher

Director Broker

  • (310) 464-1453
  • OM@MaherCR.com
  • MaherCR.com

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