**TWO VACANT GARAGES** 5748 Morley St is a 2,280-square-foot, 3-unit apartment building situated on a 6,864-square-foot LAR3 TOC Tier 3 lot, offered at $995,000. The property presents investors with a 5.07% current cap rate, 13.51 current GRM and approximately 23% rental upside. Located south of Manchester Ave and west of… Read More the 405 Freeway, the property sits in a rapidly evolving pocket of Westchester where new development continues to improve the neighborhood's appeal. The building consists of two 1-bed/1-bath units and one 2-bed/1-bath unit. Additionally, the property includes three garages, two of which are vacant, creating potential for storage, additional rental income, or future conversion. With the passing of SB 1211, there may be an opportunity to add up to three ADUs, creating a path to increase rental income and long-term value. This pocket continues to experience significant growth, with multiple new developments recently completed and in progress. 5748 Morley St is a strong value-add opportunity for an investor looking for existing income, rental upside, and future development potential in Westchester. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., David Messiah 310-259-7556
Listing Snapshot
Days Online
42
Last Updated
Beds
4
3/4 Baths
3
Square Ft.
2,280
Lot Size
0.16 Acres
Year Built
1950
MLS Number
26854275
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1950, Living area: 2280.0, 1 building, Levels: MultiSplit
Income
Gross Income: $73,644, Net Operating Income: $50,447
Lot
0.1576 acres
Parking
6 total parking spaces, Carport, DoorMulti, Garage
Taxes
Parcel Number: 4125011017, Zoning: LAR3
Tenant Pays
Electricity, Gas
Find The Perfect Home
'VIP' Listing Search
Join our email list to have access to the best off market listings in Los Angeles.
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
