Great INVESTMENT opportunity in the historical neighborhood of West Adams! Conveniently nestled in an Opportunity zone with tons of future development potential, this four-unit residential building provides an exceptional investment opportunity. Located on a cul-de-sac lot, the property welcomes residents with mature tropical landscaping, a classic stucco exterior, a long-paved… Read More driveway, and a gated entry. Cumulatively totaling approximately 4,970 square feet, each 1,242 square foot unit features 4 units, which consist of (1) 2-bedroom, 1-bath unit and (3) 3-bedroom, 2-bath units. Explore the first floor 3BR/2BA unit to find an openly flowing traditional floor-plan, beautiful faux wood flooring, abundant natural light, a neutral color scheme, a large living room, and an updated open concept kitchen with stainless steel appliances, white cabinetry, quartz countertops, and a breakfast bar. Perfectly sized, the primary bedroom also features a deep closet and an attached en suite, while the two guest bedrooms may be ideal for home offices or flex spaces. In addition, this unit also offers a private large over 900 sqft outdoor space that is great for entertaining guests, A/C wall units, and in-unit laundry. Also downstairs, you will find a two-bedroom and 1bathroom unit, as you step inside you are captivated by the organically flowing floor plan, stylish flooring, neutral tones, large living room, and fully equipped kitchens with ample cabinetry, gas ranges/ovens, and dining areas. Offering the possibility of reconfiguration, this unit may be converted into a three-bedroom/two-bathroom floor plan. Upstairs, you will find (2) 3 bedroom, 2bathroom units with mirror image floor plans that boast an openly flowing traditional floor plan, a neutral color scheme, attractive faux wood flooring, a spacious living room, an eat-in kitchen with stainless steel appliances, and a dining area. Each unit offers a primary bedroom with an en-suite and a dedicated closet, in addition to two extra guest bedrooms. Other features of this building: an on-site laundry room, each unit has 2 designated parking spaces, a large shed, and separate gas and electric meters. With proximity, residents can easily venture to Downtown LA or Santa Monica to enjoy shopping, restaurants, and all the amenities that Los Angeles has to offer! Take advantage of the potential tax benefits of this opportunity zone property and schedule your private showing! Read Less
Property listed by Real Broker, Ron Anavim 310-259-7556
Listing Snapshot
Days Online
29
Last Updated
Beds
8
Square Ft.
4,970
Lot Size
0.14 Acres
Year Built
1928
MLS Number
24473765
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator, Dryer, Washer
Building
Built in 1928, Living area: 4970.0, 1 building, Building faces West, 2 stories, Levels: Two
Fireplaces
None
Heating
WallFurnace
Income
Gross Income: $141,218, Net Operating Income: $107,218
Lot
0.1373 acres
Parking
8 total parking spaces, Assigned, Concrete
Pool
None
Property
Other structures: Sheds
Taxes
Parcel Number: 5043002015, Zoning: LARD1.5
Utilities
Water Source: Public
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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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