Smith Realty Collective is pleased to present this incredible cash-flowing 7-unit building just blocks away from the prestigious USC, LA Coliseum, and BMO Stadium. Currently generating an attractive 8.5% CAP rate, this property offers investors immediate cash-flow potential in one of Los Angeles' most dynamic and rapidly evolving areas. Adding… Read More to the investment appeal, the property is located within an Opportunity Zone, potentially providing qualifying investors with valuable federal tax benefits, including capital-gains deferral and other potential tax advantages. But the upside doesn't stop there. The sale includes approved Ready-to-Issue (RTI) plans for four additional ADUs at the rear of the property, creating a compelling opportunity to significantly increase the property's unit count, rental income, and overall values. This is the kind of value-add multifamily opportunity sophisticated investors look for: strong in-place cash flow with meaningful potential for future growth. Opportunities combining current income, strategic location, and substantial development upside are increasingly difficult to find. For investors seeking cash flow today and additional upside tomorrow, this property deserves a serious look. Read Less
Property listed by Coldwell Banker Realty, Derrick Smith 310-259-7556
Listing Snapshot
Days Online
12
Last Updated
Beds
14
3/4 Baths
8
Square Ft.
5,564
Lot Size
0.18 Acres
Year Built
1949
MLS Number
26985151
Additional Details
Building
Built in 1949, Living area: 5564.0, 1 building, 2 stories, Levels: Two
Cooling
None
Heating
Central
Income
Gross Income: $231,960, Net Operating Income: $177,960
Lot
0.1808 acres
Parking
8 total parking spaces, ElectricGate
Taxes
Parcel Number: 5037001021, Zoning: LAR3
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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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