Amazing opportunity to acquire a well maintained four-unit building in South Los Angeles with significant upside in rents and additional value-add potential to add ADU's (buyer to verify). All four units are bread-and-butter two-bed, one-bath units. With long-term below-market rents and nearly 50% in upside to market potential (accessible in… Read More event of vacancy), this property presents a tremendous opportunity to reposition the building into better cash-flow and equity almost right away. With proximity to draws such as SoFi Stadium, and central to economic hubs in Downtown Los Angeles, Silicon Beach, and the South Bay, with all of Southern California accessible via nearby 110, 405, and 105 freeways, this Property presents an in-demand location that will command increasing rents for the foreseeable future. Additionally, this two-story building leaves much of the 4,419sf lot to parking, which can potentially be repurposed pursuant to SB1211 to maximize the income potential for a greater return on investment. Read Less
Property listed by Property Concierge, Vivian Chaing 310-463-5181
Listing Snapshot
Days Online
64
Last Updated
Property Type
Other
Beds
8
Square Ft.
3,224
Lot Size
0.1 Acres
Year Built
1961
MLS Number
25498713
30 Days Snapshot Of 90003
$609k
+2%
(avg) sold price
5
-16%
homes sold
120
+36%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1961, Building area total: 3,224, Levels: Two, Living area: 3224, 2 stories, 1 building
Cooling
None
Heating
WallFurnace
Income
Gross income: $45,456, Net operating income: $18,417
Lot
0.1014 acres, 4,419 square feet, Size: 4,419
Parking
Assigned, SideBySide, Uncovered
Property
Zoning: LAR2
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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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