Excellent investment opportunity near Downtown Los Angeles featuring a fully renovated multi-unit property with strong income potential and an attractive CAP rate over 6%. This upgraded property consists of five units total: 1 studio, 3 one-bedroom/one-bath units, and 1 two-bedroom/one-bath unit. All units have been newly remodeled with modern finishes,… Read More offering bright and functional floor plans designed to attract quality tenants. Each unit features comfortable living space with abundant natural light, updated kitchens with new countertops, and ample cabinetry. Recent renovations provide a turnkey investment with minimal deferred maintenance. Conveniently located near Downtown LA with easy access to shopping, dining, public transportation, and major freeways, making it an ideal rental location in a high-demand market. Perfect opportunity for investors and 1031 exchange buyers seeking steady income and long-term growth potential. Read Less
Property listed by Urban Real Estate, Inc., Koeun Hwang 310-259-7556
Listing Snapshot
Days Online
20
Last Updated
Beds
5
Square Ft.
2,389
Lot Size
0.1 Acres
Year Built
1920
MLS Number
26694979
Additional Details
Appliances & Equipment
Disposal, Microwave, Dryer, Washer
Building
Built in 1920, Living area: 2389.0, 1 building, Building faces South, Levels: Two
Disclosures
RentControl
Heating
WallFurnace
Income
Net Operating Income: $112,166
Lot
0.1045 acres
Parking
8 total parking spaces, Assigned, Driveway
Taxes
Parcel Number: 5153030016, Zoning: LACW
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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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