Value-add 8-unit multifamily investment opportunity in South Los Angeles. The property consists of one two-story building with eight 2-bedroom / 1-bath units, offering a clean and highly rentable unit mix. Built in 1957, the asset features approximately 4,560 rentable square feet on a 5,510 square foot lot with on-site parking.
The… Read More property delivers strong in-place income with current operations at a 5.23% cap rate and 10.45 GRM, while providing clear upside through renovation, improved management, and rental increases toward market levels. All units are separately metered for gas and electricity with one master water meter, allowing for efficient expense control.
This is a straightforward, low-basis acquisition with day-one cash flow and significant long-term value-add potential in a dense rental submarket. Read Less
Property listed by Keller Williams Coastal Prop., Alexandro Colombo 310-259-7556
Listing Snapshot
Days Online
68
Last Updated
Property Type
MixedUse
Lot Size
0.13 Acres
Year Built
1957
MLS Number
PW26068180
Additional Details
Building
Built in 1957, 1 building, 2 stories, Entry level: 1, Entry location: 1
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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