** ONE VACANT UNIT & TWO VACANT GARAGES** 5748 Morley St is a 2,280-square-foot, 3-unit apartment building situated on a 6,864-square-foot LAR3 TOC Tier 3 lot, offering a great opportunity for investors or owner-occupants. Located south of Manchester Ave and west of the 405 freeway, the property is in a… Read More rapidly evolving pocket of Westchester, where new development continues to enhance the neighborhood's appeal.The building includes two 1-bed/1-bath units, one of which has been remodeled and is VACANT, along with a 2-bed/1-bath unit. Additionally, there are three garages, two of which are VACANT, offering potential for storage or conversion. With the passing of SB 1211, up to three ADUs can be added, creating an opportunity to increase rental income. Factoring in construction costs, the property is projected to operate at a 7.92% cap rate, making it an attractive value-add investment. This pocket is experiencing significant growth, with multiple new developments in progress (highly recommend driving by). This would be perfect for an owner occupant or an investor looking to add value. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., David Messiah 310-425-9838
Listing Snapshot
Days Online
106
Last Updated
Property Type
Other
Beds
4
Square Ft.
2,280
Lot Size
0.16 Acres
Year Built
1950
MLS Number
25492937
30 Days Snapshot Of 90045
$1.71M
-13%
(avg) sold price
24
+9%
homes sold
73
+78%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1950, Building area total: 2,280, Levels: MultiSplit, Living area: 2280, 1 building
Income
Gross income: $76,692, Net operating income: $50,228
Lot
0.1576 acres, 6,866 square feet, Size: 6,866
Parking
6 totals parking, Carport, DoorMulti, Garage
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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