First time on the market since owner built the property in 1974. This 6-unit apartment building, constructed in 1974, offers a prime investment opportunity in the desirable Angelino Heights neighborhood of Los Angeles. The property boasts approximately 8,270 square feet of improvements situated on approximately 9,688 square foot lot. The… Read More building consists of five 2-bedroom, 1-bathroom units, and one townhouse-style unit with 7 bedroom 4.5 bathrooms. Each unit has its own central heating, air conditioning and hot water heaters and has individual meters for gas and electricity. The roof was replaced in 2024 and the air conditioning and heating units of 5 of the units have been replaced starting in 2018 for 1 unit, 2021 for 3 of the units and 1 unit in 2025. In addition to the five rental units, the building features a spacious owner’s unit—an expansive 7-bedroom, 4.5-bathroom, with additional coverable office/den/ possible 8th bedroom on garage level, townhouse-style unit. The owner's unit offers a large expansive living space with large living room and kitchen, with built in cabinets throughout for tons of storage, plus its own attached two-car garage with direct access to the unit with its own laundry hookups for added convenience. The property has off street parking which includes space for five cars at the rear of the building. With long-term tenants in place and rents currently well below market, this property presents significant upside potential for investors seeking to capitalize on the rising rental rates in this sought-after area. Overall, this building offers an excellent opportunity for both immediate income and future appreciation in a rapidly growing part of Los Angeles. Read Less
Property listed by Citadel Ventures, Inc., Steven Weinberg 818-992-4896
Listing Snapshot
Days Online
61
Last Updated
Property Type
Mixed Use
Lot Size
0.22 Acres
Year Built
1974
MLS Number
SR25048804
30 Days Snapshot Of 90026
$1.55M
-7%
(avg) sold price
22
+57%
homes sold
57
-3%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road surface type: Paved
Appliances & Equipment
Dryer, Washer
Building
Built in 1974, Building area total: 8,270, Levels: MultiSplit, 1 building, Architectural style: , Attached, Common walls: TwoCommonWallsOrMore
Community
Sidewalks
Cooling
CentralAir
Expenses
Electric expense: $774, Fuel expense: $382, Gardener expense: $420, Insurance expense: $5,000, Licenses expense: $774, Maintenance expense: $2,604, New taxes expense: $34,375, Operating expense: $54,721, Trash expense: $341, Water sewer expense: $9,000, Other expense: $1,051
Fence
Block
Garage
2 spaces
Heating
Central
Income
Gross income: $175,065, Net operating income: $115,092
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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