Exceptional value-add 4-unit opportunity located in a prime Los Angeles neighborhood, featuring unique and charming architecture rarely found in typical multifamily assets. This distinctive property offers both strong in-place income and significant upside potential. The unit mix consists of (2) 2-bedroom + 1-bath units and (2) 1-bedroom + 1-bath… Read More units. Two units will be delivered vacant at closing, providing immediate flexibility for an investor or owner-user: Unit A: 2 Bed / 1 Bath (Vacant) Unit B: 1 Bed / 1 Bath (Vacant) The remaining units are currently occupied: Unit C: 2 Bed / 1 Bath rented at $2,100/month Unit D: 1 Bed / 1 Bath rented at $2,300/month. The property also features separate garage structures, offering excellent potential for Accessory Dwelling Unit (ADU) conversion (buyer to verify), creating an additional income stream and further enhancing long-term value.With its irreplaceable architectural character, desirable location, and multiple avenues for upside including rental increases, unit renovations, and ADU development - this is an ideal opportunity for investors seeking to reposition and maximize returns. Read Less
Property listed by Miller & Desatnik Realty Co., David Miller 310-259-7556
Listing Snapshot
Days Online
16
Last Updated
Beds
6
Square Ft.
4,638
Lot Size
0.15 Acres
Year Built
1936
MLS Number
26810725
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1936, Living area: 4638.0, 1 building, 2 stories, Levels: Two
Cooling
None
Heating
WallFurnace
Income
Gross Income: $115,200, Net Operating Income: $75,484
Lot
0.1478 acres
Parking
4 total parking spaces
Taxes
Parcel Number: 5087015019, Zoning: LARD1.5
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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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