$1,000,000
5111 Ascot Avenue, Los Angeles 90011
5
Beds
6
Baths
2,745
Square feet
7,503
Lot Size
6
# Of Units
Listing Agent
Casey Lins - Kidder Mathews of California, Inc.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.
Facts & Features
| MLS® # | 24394893 |
|---|---|
| Price | $1,000,000 |
| Bedrooms | 5 |
| Bathrooms | 6.00 |
| Square Footage | 2,745 |
| Lot Size | 7,503 |
| Year Built | 1924 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 6 |
Community Information
| Address | 5111 Ascot Avenue |
|---|---|
| Area | C42 - Downtown L.A. |
| City | Los Angeles |
| County | Los Angeles |
| Zip Code | 90011 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Parking | Driveway |
| Garages | Driveway |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Additional Information
| Date Listed | May 21st, 2024 |
|---|---|
| Days on Market | 27 |
| Zoning | LAR2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Casey Lins |
|---|---|
| Office | Kidder Mathews of California, Inc. |