Property listed by Keller Williams Realty Los Feliz, Jenny Yu 323-300-1000
$2,100,000
Located in the heart of Los Angeles, this rare investment opportunity consists of two well-maintained apartment buildings: 1930 S. La Salle Ave featuring 8 units totaling approximately 4,444 SF, and 1935 Cordova St featuring 3 units totaling approximately 2,976 SF. The property also includes 7 garage parking spaces plus 2… Read More additional uncovered parking spaces, providing valuable convenience for tenants in this highly desirable urban location. Despite the vintage character of the buildings, the property has been carefully maintained over the years and features a newer roof, stable occupancy, and strong long-term tenancy. With no current vacancies, this asset offers immediate and consistent cash flow while still presenting significant rental upside potential for investors seeking future income growth. Two of the units are Section 8 tenants, adding additional income stability. Situated in a quiet residential neighborhood with excellent access to the 10 and 110 Freeways, the property offers outstanding convenience to Downtown Los Angeles, Koreatown, USC, shopping, dining, and major employment centers. The location continues to attract long-term renters due to its central accessibility and neighborhood appeal. The property is known for its friendly, cooperative long-term tenants and easy day-to-day management. Tenant occupancy remains strong, and pride of ownership is evident throughout the property. Please do not disturb tenants. Tenants are not aware of the sale. Drive-by only. Property to be sold in its current "as-is" condition. Read Less
Listing Snapshot
Days Online
39
Last Updated
Beds
11
Square Ft.
7,420
Lot Size
0.23 Acres
Year Built
1922
MLS Number
26836809
Additional Details
Appliances & Equipment
Oven, Refrigerator
Building
Built in 1922, Living area: 7420.0, 2 buildings, Levels: MultiSplit
Fireplaces
None
Floors
Carpet, Laminate
Heating
WallFurnace
Income
Gross Income: $15,670, Net Operating Income: $122,777
Interior Features
CeilingFans
Laundry
None
Lot
0.2281 acres
Parking
3 open parking spaces, 10 total parking spaces, Uncovered
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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