Property listed by Coldwell Banker Realty, Christophe Choo 310-777-6200
$2,350,000
Prime investment opportunity in the heart of LA's vibrant 90019 zip code! This charming 8-unit building, set on a large 13,166 SF R3 lot, offers a rare blend of classic architecture, updated interiors, and exceptional long-term upside. The unit mix includes 4 spacious 2-bed units and 4 well-appointed 1-bed units,… Read More many of which have been remodeled or meticulously maintained. Pride of ownership is evident throughout. Below-market rents and long-term tenants provide immediate value-add potential. Ideally located near Koreatown, Mid-Wilshire, and Harvard Heights, the property is surrounded by new multifamily developments. With R3 zoning and a sizable lot, this is also a fantastic opportunity for developers to tear down and build condos or a larger multifamily project in one of LA's hottest growth corridors. Whether you're seeking stable cash flow, redevelopment upside, or both this is a can't-miss opportunity. Read Less
Listing Snapshot
Days Online
120
Last Updated
Property Type
Other
Beds
12
Square Ft.
9,268
Lot Size
0.3 Acres
Year Built
1922
MLS Number
25561443
30 Days Snapshot Of 90019
$1.58M
+25%
(avg) sold price
10
-28%
homes sold
68
+7%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
GasOven, Oven, Refrigerator, Dryer
Building
Built in 1922, Building area total: 9,268, Levels: One, Two, Living area: 9268, 1 story, 2 buildings, Architectural style: Traditional, Attached, Common walls: OneCommonWall, Construction materials: Stucco
Community
Gated
Cooling
WallWindowUnits
Fireplaces
DiningRoom, Kitchen, LivingRoom
Floors
Carpet, Tile, Vinyl, Wood
Garage
8 spaces
Heating
NaturalGas, WallFurnace
Income
Gross income: $142,792, Net operating income: $90,352
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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