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
  • Oron@MaherCR.com
  • MaherCR.com

More Properties


Retail

11854 & 11860 Avalon Blvd, Los Angeles, CA 90061

11854 Avalon Blvd, Los Angeles, CA


Multifamily

4563 Fountain Avenue, Los Angeles, CA 90029

4563 Fountain Avenue, Los Angeles, CA


Office

3577 N. Figueroa Street, Los Angeles, CA 90065

3577 N. Figueroa Street, Los Angeles, CA