Property listed by Grand Avenue Realty & Lending, Jeff Cossio 714-392-5803
$1,275,000
Exceptional opportunity to acquire a six-unit multifamily property located in a high-demand Los Angeles submarket. The asset consists of six separate structures situated on a 7,702 sq. ft. lot, including four stand-alone 2-bedroom/1-bath units with no shared walls, and a rear building containing two 1-bedroom/1-bath units positioned above five covered… Read More garages. An additional detached garage provides a total of six covered parking spaces with potential for ADU conversion (buyer to verify). Built in 1927, the property retains its architectural charm while benefiting from over $30,000 in recent capital improvements, including new dual-pane windows, fresh exterior paint, partial copper plumbing, and interior renovations in half of the units, partial roof. The layout offers privacy and appeal for long-term occupancy, with a unit mix that supports strong rental demand. This is a well-located multifamily asset with upside potential through further unit repositioning and possible ADU development. Read Less
Listing Snapshot
Days Online
333
Last Updated
Property Type
MixedUse
Lot Size
0.18 Acres
Year Built
1927
MLS Number
PW25124135
Additional Details
Building
Built in 1927, 5 buildings, 2 stories, Levels: One, MultiSplit, Entry level: 2, Entry location: 1 & 2 floor, Construction Materials: CopperPlumbing
Community
Curbs
Expenses
Operating: $35,106
Floors
Laminate
Garage
5 spaces
Heating
WallFurnace
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $114,732, Net Operating Income: $76,184
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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