5111 Ascot Avenue, Los Angeles, CA 90011
-
Listed Price :
$1,000,000
-
Beds :
N/A
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Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1924
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. |
| List Price |
$1,000,000 |
| Status |
Active Under Contract |
| Type |
Residential Income |
| Structure Size |
N/A |
| Lot Size |
7,503 |
| Year Built |
1924 |
Listing information courtesy of: Casey Lins, Kidder Mathews of California, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Jul 3rd, 2024 at 7:26 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.
