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Price Reduction! 6-unit value-add building with 12 parking spaces cash flowing at a 5.25% Cap Rate from day 1 with upside to a 10.1% Cap on Proforma! Almost RTI plans to add 6 detached ADUs to achieve an incredible 12% Current Cap Rate, 15.2% Proforma Cap, and only 159k/unit after taking into account all the construction costs (~670k assuming $250/SF). 3 units have been renovated and boast updated cabinets, flooring, kitchen, bathrooms, exterior improvements, newer roof, new windows for all units, and more. Individually metered for gas, electricity, and tenants pay their own trash further minimizing the operating expenses. Prime location just minutes away from Downtown LA, USC, BMO Stadium, George Lucas' Billion Dollar Museum, and Exposition Park where 2028 Olympics will be held!
| DAYS ON MARKET | 51 | LAST UPDATED | 9/4/2025 |
|---|---|---|---|
| YEAR BUILT | 1924 | COMMUNITY | C42 - Downtown L.A. |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Sep 4, '25 | $1,290,000 |
|---|---|
| Sep 4, '25 - Today | $1,240,000 |
| ADDITIONAL DETAILS | |
| AREA | C42 - Downtown L.A. |
|---|---|
| HEAT | Wall Furnace |
| LOT | 6316 sq ft |
| LOT DIMENSIONS | 50x126 |
| PARKING | Gated |
| STORIES | 1 |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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