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7804-7808 S Western Ave
7804 S Western Ave, Los Angeles, CA 90047, USA
$670,000
CLOSED
July 18, 2024
SALE PRICE
$670,000
UNITS
4
PRICE PER UNIT
$167,500
PRICE PER SF
$398.81
CAP RATE
6.67%
GRM
10.2
Deal Story
Selling Agent
The Tuvia Group successfully closed a South Los Angeles fourplex despite significant deferred maintenance and permitting challenges, achieving an impressive $425.60 per square foot. Throughout escrow, the team navigated extensive property issues involving plumbing, electrical, sewer, pest concerns, unit deterioration, and permitting. The transaction ultimately closed with one unit delivered vacant, creating additional value for the local deep value-add buyer, who planned to renovate the property one unit at a time and capitalize on renewed Section 8 rents.

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