Closed Listing
Glassell Park Fourplex @ 7.35 GRM & 9.50% CAP
3905 marguerite
sold in
Los Angeles
Sold At
$
550,000
4
Number of Units
1925
Year Built
2,597
SF
Square Footage
9,810
SF
Lot Size
LARD2
Zoning
3505 Marguerite St, Los Angeles, CA 90065
About the Property
3905 Marguerite is a fixer built in 1925, and situated on a 9,810 square foot parcel. The compound consists of three separate structures: a front duplex, a middle bungalow, and a back house. Front house collects $1500 for the top unit and $1500 for the bottom unit. Middle Bungalow rented for $1200 and back house collects $1500. While, property brings in a profit as is Investors will have the opportunity to implement a comprehensive interior and exterior renovation to re-imagine the property into a truly unique vintage community and increase rental income. Close to freeways, DTLA, shops, and dining. All units occupied. Please do not disturb tenants. Buyer to verify all information.
4
Number of Units
1925
Year Built
2,597
SF
Square Footage
9,810
SF
Lot Size
LARD2
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$137,500
Price p/ Sq. ft.
$212
Proforma Cap Rate
9.50%
Contact
Sales agent
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