Attention Investors!Seize this rare chance to own a remarkable 9-unit property that promises low maintenance and minimal expenses only trash and water! This asset is not just a property; it's a gateway to significant returns.Key Highlights:*High Upside Potential: With current rents below market value, there's ample room for increases that… Read More can enhance your cash flow.*Future Development Possibilities: Explore the exciting potential for expansion! Reports indicate the possibility of developing up to 34 low-income units, maximizing your investment's value.*Strategic Location: This property is being sold with the adjacent lot on 5886 S. Figueroa Street (APN 6004-036-016) asking price $350,000, currently utilized as parking, opening doors for future enhancements.Don't let this unique opportunity pass you by! Invest in your future and capitalize on the growth potential of this property today. For more details and to schedule a viewing, contact us now! Read Less
Property listed by Keller Williams Beverly Hills, Vania Rincon 310-432-6400
Listing Snapshot
Days Online
71
Last Updated
Property Type
Other
Beds
10
Square Ft.
4,639
Lot Size
0.11 Acres
Year Built
1934
MLS Number
24466245
30 Days Snapshot Of 90003
$589k
+1%
(avg) sold price
4
-55%
homes sold
110
+17%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1934, Building area total: 4,639, Levels: Two, Living area: 4639, 2 stories, 3 buildings
Cooling
None
Heating
WallFurnace
Income
Gross income: $135,960, Net operating income: $96,680
Lot
0.1102 acres, 4,801 square feet, Size: 4,801
Parking
12 totals parking, Uncovered
Property
Zoning: LAC2
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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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