Mediterranean-style four unit property located in the highly desirable West Adams/Mid City neighborhood of Los Angeles. This well-maintained investment property features four residential units, including two 1-bedroom/1-bath units and two 2-bedroom/1-bath units, offering a desirable unit mix for consistent tenant demand. Property improvements include updated copper plumbing, newer windows, upgraded… Read More electrical systems with separate gas and electric meters as well a central heating. The grounds are enhanced by mature fig and pomegranate trees, adding charm and curb appeal. Ideally situated just minutes from Culver City, Beverly Hills, West Hollywood, Downtown Los Angeles, the I-10 Freeway, and Metro transit. This property provides excellent accessibility to major employment centers, dining, shopping, and entertainment. This Mid-City/West Adams four-unit asset presents an outstanding opportunity for investors seeking stable cash flow, long-term appreciation, and future rental upside in one of Los Angeles' most established and evolving neighborhoods. Whether expanding an investment portfolio or acquiring a value-add multifamily property in a proven rental market, this four unit property offers the location, fundamentals, and income potential to meet a wide range of investment objectives. The building next door at 2743 Redondo offers the same characteristics and same price.. Read Less
Property listed by Compass, Kelly Myers 310-259-7556
Listing Snapshot
Days Online
0
Last Updated
Beds
6
Square Ft.
3,068
Lot Size
0.11 Acres
Year Built
1947
MLS Number
26852683
Additional Details
Building
Built in 1947, Living area: 3068.0, 1 building, Levels: One
Cooling
None
Heating
None
Income
Gross Income: $68,770, Net Operating Income: $103,295
Lot
0.1102 acres, Dimensions: 40x120
Parking
4 total parking spaces, Assigned
Taxes
Parcel Number: 5043014027, 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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