5111 Ascot Avenue

Los Angeles, CA 90011

$1,000,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $364 / sqft

1924

calendar_month Built

Property Description

BUNGALOWS on Ascot! We are pleased to present a 6-Unit bungalow community located at 5111 Ascot Ave. With 6 separate bungalow structures on the property, tenants enjoy the feeling of living in a single-family home paired with the affordability of living within an apartment community. The building currently operates at a 9.96 GRM on current rents, with rental upside potential to a 6.46 GRM and a 10.85% CAP on pro-forma rents. The units consist of 2 studio bungalows (one of which is a brand new ADU!), 3 one-bedroom bungalows, and 1 two-bedroom bungalow. Delivered with 1 unit VACANT, it will allow the new owner to set a market rent for a very in-demand bungalow product.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 5111 Ascot Avenue
City Los Angeles
State CA
Zip 90011
County Los Angeles
Listing Agent Casey Lins DRE#01902650
Courtesy Of Kidder Mathews of California, Inc.
MLS 24394893
List Price $1,000,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 7,503
Year Built 1924
DOM 8

Exterior Information

Maps

Listing information courtesy of: Casey Lins, Kidder Mathews of California, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of May 29th, 2024 at 5:15 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.