Property listed by Kidder Mathews of California, Inc., Darin Spillman 310-312-1800
$699,000
Stable, fully occupied three-unit income property located close to USC and Downtown L.A. The property consists of three residential units across two separate buildings on a large 6,921-square-foot lot zoned C2-1VL with future development potential. The unit mix includes two 1-bedroom/1-bath units (one of them Section 8) and one unit… Read More 3-bedroom/1 bath, providing strong rental income. The South Los Angeles market continues to benefit from proximity to Downtown LA, USC, Exposition Park, and major transit infrastructure. Adjacent to the signalized corner of San Pedro Place and Vernon Avenue, with the future potential of a broad range of commercial uses by-right and TOC Tier 2 Designation, offering a significant density bonus potential for qualified affordable housing projects. Read Less
Listing Snapshot
Days Online
14
Last Updated
Beds
4
Square Ft.
2,247
Lot Size
0.16 Acres
Year Built
1921
MLS Number
26848321
Additional Details
Building
Built in 1921, Living area: 2247.0, 2 buildings, 1 storey, Levels: One
Cooling
None
Heating
WallFurnace
Income
Gross Income: $61,512, Net Operating Income: $46,134
Lot
0.1589 acres
Parking
3 total parking spaces, Uncovered
Taxes
Parcel Number: 5109001016, Zoning: LAC2
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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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