Filip Niculete

Discover comfortable living in this well-kept apartment complex, featuring modern kitchens with granite countertops, bright living spaces, and easy-care flooring. Each unit offers cozy bedrooms, neat bathrooms, and ample storage. Enjoy the communal pool and sundeck for sunny day relaxation. Benefit from off-street parking and on-site laundry. Located minutes from shopping, dining, and transport. Ideal for those seeking a blend of convenience and quality. Resident responsible for all utilities

We are pleased to present this bite size deal in South Los Angeles.​ This 4-unit property sits on a 5,602 sq.​ft lot (0.13 acres), has a total building size of 2,238 SqFt, and boasts a good unit mix of (2) 1-bed/1-bath units, (1) 2-bed/1-bath ADU, and (1) 3-bed/1-bath house.​ This property is currently 3 legal units with 1 non-conforming unit which is a converted garage.​ However, the Seller has just received fully approved RTI plans to legally convert the nonconforming unit to a legal ADU.​ The seller will be selling this property as-is, and the Buyer will be responsible for completing the ADU conversion.​ The Seller has received bids to complete this ADU work, and the cost will be between $50,000 to $60,000.​Therefore, the buyer of this property should expect a total investment of up to $659,000 including the purchase price and ADU conversion cost.​ At this total cost, the buyers effective CAP rate will be 5.22% with the long-term value add potential of over 35% upside in rents.​ If the buyer was able to get all of the units to our very achievable market rents, the buyer will be able to achieve an extremely desirable 8.50% CAP rate and an estimated 17.81% cash-on-cash return!

Broker of Trimax Realty, Inc. and in the industry for 26years. Residential, Commercial, Loans... we handle it all. it's not all about commissions... it's about the relationship and building together while protecting your interests. Let's talk and see what I can bring to the table for you.

Fred Nabati

I’m a residential real estate specialist serving the South Bay, Palos Verdes, Long Beach, and surrounding communities. I focus on guiding buyers and sellers with clear strategy, strong negotiation, and a step-by-step approach that removes uncertainty from the process. Whether you’re purchasing your first home or preparing to sell, my goal is simple: help you make confident, well-informed decisions that protect your investment and maximize your results.

Filip Niculete

About Filip Niculete

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Recent property sales & transaction history

2 properties

Los Angeles

Apartment, Family Home

$800,000 to $1,250,000

1,000 ft² to 1,800 ft²

Properties for sale by listing agent Filip Niculete

$1,475,000

$599,000

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