This property offers an exceptional value-added investment opportunity, with an estimated 47% upside potential. Current rental rates are significantly below market value, allowing a new owner to renovate and modernize the units to increase their desirability and rental income. With strategic upgrades, the property can attract high-quality tenants and generate… Read More impressive returns. Adding to its appeal, this is the first time the property has been on the market in over 30 years, making it a rare opportunity to acquire a well-maintained asset with long-term potential. Passed down through generations, it is now ready for a new owner to reposition it for future growth. Located in the prime Beverly Grove neighborhood, the property offers easy access to world-class shopping, dining, and cultural attractions. Additionally, the property includes ample rear parking with the potential to add an accessory dwelling unit (ADU), subject to buyer verification. This feature enhances the investment appeal by offering an opportunity for additional rental income. Read Less
Property listed by Marcus & Millichap, Saadia 'Sam' Liberow 818-212-2700
Listing Snapshot
Days Online
102
Last Updated
Property Type
Other
Beds
12
Square Ft.
4,200
Lot Size
0.14 Acres
Year Built
1948
MLS Number
25495359
30 Days Snapshot Of 90048
$2.31M
-11%
(avg) sold price
7
-36%
homes sold
102
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1948, Building area total: 4,200, Levels: Two, Living area: 4200, 2 stories, 1 building, Construction materials: Stucco
Garage
1 space
Heating
WallFurnace
Income
Gross income: $125,491, Net operating income: $75,879
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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