Built in 1987, this 9-unit apartment building stands as an excellent investment opportunity in the heart of vibrant Los Angeles. Nestled within a bustling urban center, it offers a quiet and well-maintained space, appealing to seasoned investors and newcomers alike. Conveniently situated near major transportation hubs, shopping centers, dining hotspots,… Read More and cultural attractions, the property boasts an unbeatable location. Each unit is thoughtfully designed to maximize space and comfort, featuring light-filled rooms and stylish finishes. With a diverse mix of unit sizes, there's something to suit every tenant's needs. On-site amenities enhance the overall living experience, ensuring long-term tenant satisfaction. With a strong rental history and potential for further income growth, this investment property presents an exceptional opportunity to capitalize on the thriving rental market in one of the world's most populous cities. Don't miss your chance to own a piece of prime real estate in this sought-after neighborhood. Schedule a viewing today to seize the opportunity to add this lucrative asset to your investment portfolio. Bonus: Not a Rent Stabilized Property!! Contact Agent regarding loan assumability!! Read Less
Property listed by Berkshire Hathaway HomeServices California Properties, Jessica Schrobilgen
Listing Snapshot
Days Online
382
Last Updated
Property Type
Other
Beds
15
Square Ft.
7,475
Lot Size
0.17 Acres
Year Built
1987
MLS Number
24386727
30 Days Snapshot Of 90004
$2.75M
+81%
(avg) sold price
6
-50%
homes sold
57
-21%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1987, Building area total: 7,475, Levels: Two, Living area: 7475, 2 stories, 1 building, Architectural style: Contemporary
Heating
WallFurnace
Income
Gross income: $236,000, Net operating income: $163,000
Lot
0.1667 acres, 7,260 square feet, Size: 7,260
Parking
16 totals parking, ControlledEntrance, Covered
Property
Zoning: LAR3
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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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