Property listed by Omni Realty & Investment Group, Colby Jo 213-637-0010
$3,190,000
Exceptional investment opportunity for 1031 exchanges or owner-occupants in the heart of Los Angeles! This well-maintained 12-unit apartment building, built in 1990, is not under city rent control, offering strong rental income with significant upside potential. Rents have not been increased in over six years and are at least 30%… Read More below market value, providing a prime opportunity for immediate growth. Tenants enjoy on-site parking and well-kept common areas. Two units can be delivered vacant for owner use or higher rental income, creating additional value-add potential. Featuring a mix of spacious units, the property is ideally located near shopping, dining, public transportation, and major freeways. Whether you're an investor looking to expand your portfolio or seeking an owner-occupied income property, this is a rare opportunity with endless possibilities! Read Less
Listing Snapshot
Days Online
10
Last Updated
Property Type
Other
Beds
25
Square Ft.
10,784
Lot Size
0.23 Acres
Year Built
1990
MLS Number
25508003
30 Days Snapshot Of 90029
$1,132k
-26%
(avg) sold price
5
+400%
homes sold
105
+262%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal
Building
Built in 1990, Building area total: 10,784, Levels: MultiSplit, Living area: 10784, 1 building
Cooling
CentralAir
Heating
Central
Income
Gross income: $189,600, Net operating income: $114,600
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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