ACTUAL 9.7 GRM/6.5% CAP RATE. PRO FORMA 8.4 GRM/8.0%+ CAP RATE! This 5 unit property is comprised of two separatebuildings totaling 4,430sf in size. In the rear is a large1,198sf home built in 1980 with 3 bed/1 bath. The frontbuilding was built in 1910 and is approx 3,232sf in sizecomprised of (4) 1/1 units that are each 808sf. One unitis delivered vacant and in rent ready condition allowingfor immediately occupancy.This property allows potential for an owner-occupier tolive in one or more of the units. Or, a savvy investor canmaximize rents and even utilize Section 8 to createimmense equity & cash flow. On a 6,127sf lot zoned RD1.5, this property is welllocated in Los Angeles near Downtown, Crypto Arena, &close proximity to USC, Koreatown, and the 110 freeway. Located off 110 Freeway in Pico-Union close to Downtown, LA Live,Crypto Arena, Koreatown, USC, Local Parks, & tons ofRestaurants & Shops.
|
DAYS ON MARKET
|
2
|
LAST UPDATED
|
4/30/2025
|
|
YEAR BUILT
|
1910
|
COMMUNITY
|
Downtown L.A.
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
None |
| APPLIANCES |
Disposal, Gas Range, Water Heater |
| AREA |
Downtown L.A. |
| CONSTRUCTION |
Shake Siding |
| GARAGE |
Driveway |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| INTERIOR |
Ceiling Fan(s) |
| LOT |
6127 sq ft |
| LOT DESCRIPTION |
2-5 Units/Acre |
| PARKING |
Driveway |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| UTILITIES |
Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City Lights |
| WATER |
Public |
| ZONING |
LARD1.5 |
We respect your online privacy and will never spam you. By submitting this form with your telephone number
you are consenting for Ben
Salem to contact you even if your name is on a Federal or State
"Do not call List".
Listed with Nohco Real Estate
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 5/1/25 10:13 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
This IDX solution is (c) Diverse Solutions 2025.
Save favorite listings, searches, and get the latest alerts
Save your favorite listings, searches, and receive the latest listing alerts
Twitter
Facebook
Email