Property listed by Douglas Elliman, Deborah Perkins 310-595-3888
$1,450,000
Amazing opportunity to acquire a recently renovated, six unit building in South Los Angeles with significant upside on rents. All units are two bedrooms with one bath, presenting a stable and in-demand unit mix that will command increasing rents for the foreseeable future. The property was recently improved with a… Read More new roof, new rain gutters, new sewer line cleanout, new electrical panels and paint. This property presents a tremendous opportunity to piggyback on the recent renovations; and, there may be an opportunity to maximize the 7,000 sf lot by adding an ADU for an additional stream of income and equity addition (buyer to verify). Located less than 4 miles to SoFi Stadium and 8 miles from LAX, this centrally located asset provides tenants with easy access to the remainder of Southern California via nearby 110, 105 and 10 freeways. Read Less
Listing Snapshot
Days Online
13
Last Updated
Property Type
Other
Beds
12
Square Ft.
4,128
Lot Size
0.16 Acres
Year Built
1957
MLS Number
25587023
30 Days Snapshot Of 90044
$693k
0%
(avg) sold price
18
+80%
homes sold
103
+33%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1957, Building area total: 4,128, Levels: Two, Living area: 4128, 2 stories, 1 building
Income
Gross income: $118,224, Net operating income: $79,286
Lot
0.1607 acres, 7,002 square feet, Size: 7,002
Parking
6 open parking spaces, 6 totals parking, Concrete, Guest
Property
Zoning: LAR3
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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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