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$ 975,000
Est. payment | /mo
8 Beds
4 Baths
3,224 SqFt
$ 975,000
Est. payment | /mo
8 Beds
4 Baths
3,224 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,224 sqft
Price per Sqft $302
MLS Listing ID 25498713
Bedrooms 8
HOA Y/N No
Year Built 1961
Lot Size 4,416 Sqft
Property Description
Amazing opportunity to acquire a well maintained four-unit building in South Los Angeles with significant upside in rents and additional value-add potential to add ADU's (buyer to verify). All four units are bread-and-butter two-bed, one-bath units. With long-term below-market rents and nearly 50% in upside to market potential (accessible in event of vacancy), this property presents a tremendous opportunity to reposition the building into better cash-flow and equity almost right away. With proximity to draws such as SoFi Stadium, and central to economic hubs in Downtown Los Angeles, Silicon Beach, and the South Bay, with all of Southern California accessible via nearby 110, 405, and 105 freeways, this Property presents an in-demand location that will command increasing rents for the foreseeable future. Additionally, this two-story building leaves much of the 4,419sf lot to parking, which can potentially be repurposed pursuant to SB1211 to maximize the income potential for a greater return on investment.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Zoning LAR2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Assigned, Side By Side, Uncovered
Building
Faces South
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6053019008
Special Listing Condition Standard
Listed by Vivian Chaing • Property Concierge
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Cindy Seddon
REALTOR® | Lic# 02017966
9483 Haven Ave. Suite 100, Rancho Cucamonga, CA, 91730, USA