Property listed by Savient Financial, Inc., Darrell Burns 949-632-3991
$1,295,000
This 8-unit investment property is ideally situated in the highly desirable West Adams neighborhood of Los Angeles. Known for its central location and vibrant character, West Adams offers residents convenient access to some of the city’s most iconic destinations. Located less than 10 miles from Downtown Los Angeles, the property… Read More provides an easy commute to major employment and entertainment hubs, including the Los Angeles Convention Center, Crypto.com Arena, and the renowned Los Angeles County Museum of Art. The area is also conveniently located near major educational institutions such as the University of Southern California and Los Angeles Trade-Technical College, further enhancing rental demand. Within the neighborhood itself, residents enjoy a growing mix of local restaurants, cafes, small businesses, and neighborhood parks, creating a dynamic yet community-oriented atmosphere. With its prime location, strong rental fundamentals, and proximity to key Los Angeles landmarks, this West Adams income property presents an exceptional investment opportunity. Read Less
Listing Snapshot
Days Online
12
Last Updated
Property Type
MixedUse
Lot Size
0.17 Acres
Year Built
1953
MLS Number
OC26045387
Additional Details
Building
Built in 1953, 1 building, 2 stories, Entry level: 1, Entry location: 1
Community
Gutters, StormDrains, StreetLights, Sidewalks, Park
Expenses
Insurance: $5,000, Maintenance: $10,119, Operating: $25,050, Other Expense: $8,219
Income
Gross Income: $87,809, Gross ScheduledIncome: $87,809, Net Operating Income: $62,759
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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