Situated in a highly sought-after neighborhood, this 11 unit property has 7 freshly remodeled units ready for occupancy which offers tremendous cashflow at a 9.7 CAP rate with upside potential for investors. The building consists of a mix of spacious studios, one- and two-bedroom units, all with updated features, including modern appliances, hardwood floors, and ample natural light. All two-bedroom conversions were completed with permits, and additional permits are on hand to convert the remaining one-bedroom units into two-bedroom layouts—offering significant upside potential.Ample parking on site. Laundry room on site as well.The building features two newly constructed ADUs, both of which will be delivered with Certificates of Occupancy at the close of escrow. Investors have the flexibility to lease at market rents immediately or customize tenant selection.With easy access to major freeways, public transit, and some of Los Angeles' best dining, entertainment, and shopping, this building is perfectly positioned to attract high-quality tenants. The property offers great potential for increased rental income with strategic upgrades and renovations, making it an ideal addition to any real estate portfolio. Don’t miss out on this incredible investment—contact us today for more details or to schedule a private tour!
|
DAYS ON MARKET
|
14
|
LAST UPDATED
|
3/1/2025
|
|
YEAR BUILT
|
1954
|
COMMUNITY
|
Metropolitan Southwest
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AREA |
Metropolitan Southwest |
| LOT |
7214 sq ft |
| LOT DESCRIPTION |
Corner Lot |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| WATER |
Public |
| ZONING |
LAC2 |
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Listed with Keller Williams SELA
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 3/15/25 6:57 AM PDT 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
This IDX solution is (c) Diverse Solutions 2025.
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