Embrace LA's most coveted emerging neighborhood with this beautifully redeveloped 4-unit property in the heart of Frogtown. This vibrant riverside community has seen property values skyrocket since 2017, yet remains poised for unprecedented growth with less than 20% of its residential sector developed to modern standards.Each unit has been completely… Read More transformed into spacious 2-bed/2-bath layouts, featuring newly installed central heating and air conditioning, energy-efficient windows, and designer kitchens with premium appliances. Modern vinyl plank flooring flows throughout, complemented by fresh interior and exterior paint. A distinctive touch: individually colored entry doors matching dedicated parking spaces enhance the property's artistic curb appeal, resonating with Frogtown's creative character.Annual gross rental income approaches $200,000, with a strong 5.7% cap rate. The versatile 2-bed/2-bath configurations attract quality long-term tenants, from young professionals to small families. Located minutes from downtown LA, Dodger Stadium, and Silver Lake, residents enjoy easy access to major freeways while being steps from the LA River's extensive bike paths.The neighborhood's evolution continues as recent data shows local household incomes climbing 11.9% in 2022, as the area draws increasingly affluent residents. This turnkey investment combines immediate strong returns with substantial upside potential in one of LA's most dynamic emerging neighborhoods. Read Less
Property listed by NDA Real Estate, Jared Goldstein 818-404-5090
Built in 1970, Building area total: 3,134, Levels: Two, Living area: 3134, 2 stories, 2 buildings, Architectural style: Modern, Construction materials: Stucco
Doors
SlidingDoors
Accessibility Features
Accessibility features: None
Fireplaces
Electric
Heating
WallFurnace
Income
Gross income: $192,000, Net operating income: $152,000
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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