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Located in the heart of Los Angeles's Southeast corridor, this solid-income multifamily building presents an excellent investment opportunity. Built in 1955, this two-story asset features a total of 4,954 sq ft of living area on a 6,758 sq ft lot. Unit & Building Details "¢ 10 total bedrooms and 6 full bathrooms. 1 year old ROOF "¢ Structured as multiple units (6 inferred units) in a low-rise configuration. "¢ Off-street parking/garage capacity for approximately eight vehicles, providing tenant convenience and upside potential. "¢ Zoned LAC2 (multifamily residential), offering flexibility for multifamily use and potential value-add strategies "¢ "¢ Investment Highlights "¢ Proven footprint: The large unit count and low per-unit square footage provide strong flexibility for tenant mix, re-tenanting, and income growth. "¢ Value-add potential: Given the scale of the building and number of units, there is potential to increase rents, optimize expenses, and improve cap rate through active management or refurbishment. "¢ Location merits: Situated in ZIP 90003, the property benefits from access to Los Angeles's broad rental market, providing both demand and appreciation upside. Neighborhood & Market Position The property is located in a stable, urban residential neighborhood of Los Angeles where demand for rental housing remains strong. With this building's characteristics"”size, unit count, parking, zoning"”it represents a rare offering in this submarket. Given your earlier numbers (purchase price $1.3 M, income ~$100.62 k/yr, expenses ~$32.94 k/yr), the current cap rate is approximately 5.21%, which aligns with solid returns in this market and given potential for growth.
| DAYS ON MARKET | 144 | LAST UPDATED | 11/25/2025 |
|---|---|---|---|
| YEAR BUILT | 1955 | COMMUNITY | C23 - Metropolitan |
| COUNTY | Los Angeles | STATUS | Active |
| PROPERTY TYPE(S) | Residential Income |
| PRICE HISTORY | |
| Prior to Nov 25, '25 | $1,300,000 |
|---|---|
| Nov 25, '25 - Today | $1,199,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | C23 - Metropolitan |
| CONSTRUCTION | Stone |
| LOT | 6756 sq ft |
| LOT DESCRIPTION | Paved |
| LOT DIMENSIONS | 6758 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Sewer Connected |
| VIEW | Yes |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 3/16/26 8:18 PM 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
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