Courtesy of: Lyon Stahl Investment Real Estate, Inc.
Purchase Type: Sale
MLS ID: 303077542
Days On Market: 168
Property Type: Res Income 2-4 Units
Swimming Pool: No
Address: 10720 Woodbine Street
County: Los Angeles
City: Los Angeles
10720 Woodbine St is a beautiful 1982 Construction 4-Unit, located in the Palm submarket of Los Angeles. This property will be delivered completely tenant-ready! New buyers can take advantage of this NON-RENT CONTROLLED asset offering a great return once units are rented out for market. This "A" location property, with great curb appeal, would be a perfect investment for any owner/user looking to live in a unit, and use the other's rent to pay their mortgage! Great opportunity to add value by building 3 ADU's. New buyer is able to turn this property into a 7 unit by turning the top floor penthouse into a 2-Bed/1-Bath & 1- Bed/1-Bath, converting the garage into a 1-Bed/1-Bath & adding a 2-Bed/1-Bath above the potential carport. With new units, buyer has the opportunity to add value and increase scheduled gross income by $57,600/year. 10720 Woodbine St currently has a strong mix of (1) 4-Bd/3-Ba Penthouse, (2) 2- Bd/1-Ba, & (1) 1-Bd/1-Ba units. All of the units have been completely remodeled. These spacious units feature top-of-the-line appliances, new hardwood flooring, granite countertops, new paint, as well as Dishwashers and A/C. There is copper plumbing throughout the building. Built in the 80's, there is plenty of parking for each tenant to go along with the additional street parking. Only minutes away from Millions of $ in development, this renovated property is an ideal pickup for any exchange buyer or investor looking to own in one of Los Angeles's top rental markets.
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