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Five-Unit Apartment on a Large 9,302-SF Lot | Located in the Rapidly Gentrifying & Revitalized Neighborhood of Los Angeles | 8.55% Pro-Forma Cap Rate & 8.27 Pro-Forma GRM | 5.41% Current Cap Rate & 11.28 Current GRM | Unit Mix of (One) 3-Bedroom/1-Bathroom House and (Four) 2-Bedroom/1-Bathroom Units | Rare LAR3 TOC Tier 3 Zoning - Build Up to 20 Units* | TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit | Tremendous Value-Add Opportunity - Approximately 36% in Rental Upside | Located 3 Miles from SoFi Stadium, Youtube Theatre, The Forum & Intuit Dome (NBA Clippers Arena) | One Unit Delivered Vacant | Gated Building with 5 Parking Spaces | Offered at $230,000 Per Unit & $328 Per SF
| DAYS ON MARKET | 123 | LAST UPDATED | 5/30/2025 |
|---|---|---|---|
| YEAR BUILT | 1924 | COMMUNITY | C36 - Metropolitan Southwest |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to May 30, '25 | $975,000 |
|---|---|
| May 30, '25 - Today | $1,150,000 |
| ADDITIONAL DETAILS | |
| AREA | C36 - Metropolitan Southwest |
|---|---|
| GARAGE | Yes |
| LOT | 9300 sq ft |
| PARKING | Assigned, Garage |
| STORIES | One, Two |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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