Property listed by Redfin Corporation, Jasaan Dabney 310-350-3604
$1,299,000
A rare investment opportunity in one of LA’s most desirable neighborhoods. This 7,201 sq. ft. lot, zoned R3, offers tremendous potential for developers and investors to build a larger multi-unit project or expand the existing footprint (buyer to verify zoning and development guidelines). The property currently includes… Read More four 1-bedroom, 1-bathroom units, each with private yard spaces and additional areas that may be repurposed or expanded. Tenants pay for all utilities except water, providing reliable income while planning future improvements. Located in the heart of Mid-City, this property boasts unmatched convenience, close to retail, dining, and cultural hotspots. Its central location also ensures easy access to major freeways, public transit, and LA’s thriving job market. For investors with a vision, the possibilities are abundant: build up, add units, or explore maximizing the lot’s value by converting the rear garages into ADUs for additional income (buyer to verify feasibility). Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Quadruplex
Lot Size
0.17 Acres
Year Built
1924
MLS Number
SB25002856
30 Days Snapshot Of 90016
$788k
0%
(avg) sold price
0
-100%
homes sold
95
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1924, Building area total: 2,008, Levels: One, 1 story, 1 building, Common walls: NoCommonWalls
Community
DogPark, Hiking, Park, Sidewalks
Cooling
WallWindowUnits
Expenses
Insurance expense: $472, Operating expense: $12,968, Water sewer expense: $7,323, Other expense: $5,173
Fence
AverageCondition, CrossFenced
Fireplaces
None
Floors
Laminate, Tile
Heating
None
Income
Gross income: $55,200, Net operating income: $42,232
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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