Property listed by eXp Realty of California Inc, Carlos Villegas 888-584-9427
$1,760,000
MOTIVATED SELLER! BEST PRICED UNITS IN THE DIRECT AREA! Incredible opportunity to acquire a well-maintained 8-unit apartment building in the heart of South Los Angeles, offering significant upside in rental income. Each of the 8 units features 2 bedrooms and 1 bathroom, currently occupied by long-term tenants at below-market… Read More rents, presenting a clear path for future rental growth. Five of the units are Section 8, providing stable, government-backed rental income with room for approved increases. This asset is ideal for investors seeking immediate cash flow with value-add potential. With low maintenance requirements and competitive pricing, this property is poised for repositioning to enhance both cash flow and equity. Located in a high-demand rental area, just minutes from the 110 and 105 freeways, LAX, and major retail centers, parks, and entertainment venues. Tenants will appreciate the convenience, while investors will appreciate the upside. BEST PRICED in the direct area. This is a must see! Read Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
Other
Beds
16
Square Ft.
4,664
Lot Size
0.14 Acres
Year Built
1956
MLS Number
25599939
30 Days Snapshot Of 90003
$636k
+12%
(avg) sold price
10
+42%
homes sold
82
-22%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1956, Building area total: 4,664, Levels: Two, Living area: 4664, 2 stories, 1 building
Cooling
None
Heating
WallFurnace
Income
Gross income: $174,816, Net operating income: $134,267
Lot
0.1388 acres, 6,046 square feet, Size: 6,046
Parking
Gated, OneSpace, OnStreet
Property
Zoning: LAR4
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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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