1520 -1522 Hauser Boulevard is a classic 1927 Spanish-style fourplex in the heart of Mid-City Los Angeles, minutes from the Miracle Mile, Museum Row and Culver City. The two-story building offers four one-bedroom, one-bath units totaling approximately 3,312 square feet on a 6,750 square foot LAR2 lot. Unit 1520 1/2 will be delivered vacant, creating a rare opportunity for an owner-user to live in a character-filled unit while three in-place tenants help cover the mortgage. Investors benefit from the same flexibility: the vacant unit can be leased at market rent immediately. At the asking price of $1,450,000, the property is offered at $362,500 per unit and $438 per square foot, with a 15.68 GRM and 3.76% cap rate on current rents, and a 13.64 GRM and 4.68% cap rate at market rents.
Listing courtesy of Listing Agent: David Miller (davemiller@mdrealtycorp.com) from Listing Office: Miller & Desatnik Realty Co..
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.