We are pleased to present the exceptional opportunity to acquire a fully occupied 5-unit multifamily property in the Broadway-Manchester neighborhood of South Los Angeles. Built in 1960, this property features (1) 3Bed/1 Bathroom Unit and (4) 2Bed/1 Bathroom Units. Together, they offer a total of 3,132 square feet of rentable… Read More space on a 6,596 square foot lot. Security and convenience are paramount, with features such as separate metering for gas and electricity, gated controlled access, and an on-site parking lot with (7) spaces. With an average rent of $980 per unit, this opportunity provides an astute investor the potential to capture 113% upside in rental income as tenants move or relocate. Strategically located just north of West Century Blvd and east of South Broadway, the property enjoys seamless connectivity to the 110 and 105Freeways, facilitating convenient access to all corners of Greater Los Angeles. Tenants are also within a short distance to multiple bus stops along Main St. and Colden Ave. Read Less
Property listed by Marcus & Millichap, Sevak Keshishian 818-212-2700
Listing Snapshot
Days Online
27
Last Updated
Property Type
Other
Beds
11
Square Ft.
3,132
Lot Size
0.15 Acres
Year Built
1960
MLS Number
24467199
30 Days Snapshot Of 90003
$582k
0%
(avg) sold price
0
-100%
homes sold
94
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1960, Building area total: 3,132, Levels: Two, Living area: 3132, 2 stories, 1 building
Cooling
None
Heating
WallFurnace
Income
Gross income: $59,173, Net operating income: $21,833
Lot
0.1515 acres, 6,598 square feet, Size: 6,598
Parking
7 totals parking, Unassigned, Uncovered
Property
Zoning: LAR2
Tenant Pays
Electricity, Gas
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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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