Property listed by Savient Financial, Inc., Darrell Burns 949-632-3991
$1,400,000
This well-located 6-unit investment property sits in the highly desirable West Adams neighborhood of Los Angeles. Positioned less than 10 miles from Downtown Los Angeles, the property offers convenient access to major employment, entertainment, and cultural hubs including the Los Angeles Convention Center, Crypto.com Arena (formerly Staples Center), and the… Read More Los Angeles County Museum of Art (LACMA). West Adams is also ideally situated near the University of Southern California (USC) and Los Angeles Trade Technical College, providing strong rental demand from students, faculty, and professionals alike. The neighborhood continues to experience revitalization, featuring a growing collection of local restaurants, cafés, bars, boutique shops, and neighborhood parks that contribute to its vibrant community atmosphere. With its central location and proximity to key Los Angeles destinations, this property presents an excellent opportunity for investors seeking stable income in one of the city’s most dynamic submarkets. Read Less
Listing Snapshot
Days Online
12
Last Updated
Property Type
MixedUse
Lot Size
0.11 Acres
Year Built
1954
MLS Number
OC26045898
Additional Details
Building
Built in 1954, 1 building, 2 stories, Entry level: 1, Entry location: 1
Community
StormDrains, StreetLights, Sidewalks
Expenses
Insurance: $5,000, Operating: $25,050, Other Expense: $8,219
Home Owner's Association
Association Fee: $0
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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