Property listed by Federal Financial, Brian Tanenbaum 310-980-2261
$850,000
Exceptional investment opportunity in Los Angeles featuring a four-unit property (fourplex) situated mid-block on 53rd Street, surrounded by ongoing neighborhood growth and development. This property presents a rare opportunity for investors and developers seeking a value-add or redevelopment project.
Ideal for those looking to renovate and reposition, the property requires permitting… Read More and alignment with the City of Los Angeles. Once improved, the asset offers significant upside potential, with projected market rents estimated in the $9,800 to $10,000 range per month.
The approximately 3,000 square foot building consists of four units and is being offered as a major fixer. Property is subject to a City of Los Angeles Substandard Order – Supplemental, and is to be sold as-is. Buyer to verify all information, including square footage, permits, condition, and potential uses with the City.
The property will be delivered vacant at the close of escrow, providing flexibility for renovation or redevelopment. Cash or hard money financing is required.
A compelling opportunity for investors seeking a project with substantial upside in a rapidly evolving area. Read Less
Listing Snapshot
Days Online
10
Last Updated
Property Type
Quadruplex
Lot Size
0.12 Acres
Year Built
1914
MLS Number
SR26090625
Additional Details
Property Access
Frontage Type: CityStreet, Road Surface: Paved
Building
Built in 1914, 1 building, 1 storey, Entry level: 1, Entry location: FRONT, Construction Materials: Frame, Stucco
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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