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Listed by CYNTHIA RODRIGUEZ, DRE #01328324 • CITY LIGHTS REALTY
$ 1,199,000
Est. payment | /mo
9,211 Sqft Lot
$ 1,199,000
Est. payment | /mo
9,211 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRMB26180974
Style Ranch
Year Built 1904
Lot Size 9,211 Sqft
Source California Regional MLS
Property Description
JUST LISTED! Exceptional 5-unit multifamily investment opportunity in Los Angeles, offered at $1,299,000. The property consists of two separate buildings featuring a completely renovated detached 2-bedroom, 1-bath single-family residence and a separate 4-unit apartment building. The detached residence is currently vacant and offers a private entrance, front yard, and 3-car parking. The 4-unit building features a 2-bedroom/1-bath unit currently leased at $2,100/month, a newly remodeled 3-bedroom/2-bath unit currently vacant, a newly renovated 1-bedroom/1-bath unit currently vacant, and a 3-bedroom/2-bath unit currently leased at $2,900/month. Three of the five units are currently vacant, providing an investor with immediate lease-up and income-growth potential. The property offers a desirable mix of 1-, 2-, and 3-bedroom units, renovated interiors, and approximately 7 parking spaces. Owner currently pays water and trash, while tenants generally pay their own gas and electricity. One occupied unit participates in the Section 8 program. Offered at $1,299,000, this property presents an excellent opportunity for an investor seeking a value-add multifamily asset with substantial upside through stabilization and lease-up.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Rooms
Kitchen Hood Over Range, Other, Oven - Gas
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Laundry Laundry Area
Exterior
Garage Spaces 8.0
Pool 31, None
View None
Roof Type Shingle
Building
Foundation Raised
Water District - Public
Architectural Style Ranch
Others
Tax ID 6060016016
Special Listing Condition Not Applicable
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