A compelling opportunity to acquire a 4-unit multifamily property totaling 3,604 square feet on an 8,219 square foot lot, zoned R2-1, with three units to be delivered vacant at close of escrow for immediate repositioning at market rents. Located in one of Los Angeles' most culturally rich neighborhoods, the property… Read More sits in the heart of Leimert Park — celebrated for its art galleries, coffee shops, locally owned businesses, and authentic dining scene — just 0.5 miles from the Expo/Western Metro station, 2.5 miles from USC, and minutes from Exposition Park, the Natural History Museum, and the California Science Center. A well-located asset with strong long-term rental fundamentals in an established and in-demand pocket of South Los Angeles. Read Less
Property listed by Edgestone Real Estate, Inc., Sebastian Stofenmacher 310-259-7556
Listing Snapshot
Days Online
1
Last Updated
Property Type
Quadruplex
Lot Size
0.19 Acres
Year Built
1923
MLS Number
PW26097481
Additional Details
Building
Built in 1923, 2 buildings, 1 storey, Levels: One, Entry level: 1, Entry location: 1
Community
Curbs
Cooling
None
Expenses
Operating: $24,633.1, Water/Sewer: $1,200
Fireplaces
Decorative, LivingRoom
Garage
3 spaces
Heating
ForcedAir
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $101,580, Net Operating Income: $73,899.4
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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