Great investment opportunity! This well-maintained 14-unit apartment complex features all two-bedroom, one-bath units, offering a desirable layout for tenants. The property boasts a low-maintenance design with a recently refreshed exterior, including a new roof (2023), upgraded electrical panels (2024), and fresh exterior paint (2025). A shared laundry room is available for tenants, and the property includes 14 on-site parking spaces for resident use. Current CAP rate is 4.68% with a potential 8.04% CAP rate at market rents. Located directly across from Normandie Park. The complex is also ideally situated near major freeways and shopping centers. Balcony inspection has been completed, ensuring compliance with safety regulations. The property is subject to the city of Los Angeles RSO. Don't miss this turn-key investment in a high-demand rental market!
|
DAYS ON MARKET
|
6
|
LAST UPDATED
|
3/11/2025
|
|
YEAR BUILT
|
1962
|
COMMUNITY
|
Harbor Gateway
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AIR |
None |
| APPLIANCES |
Gas Range, Water Heater |
| AREA |
Harbor Gateway |
| CONSTRUCTION |
Copper Plumbing, Drywall, Stucco |
| EXTERIOR |
Rain Gutters |
| GARAGE |
Asphalt, Assigned, Carport, Driveway, Paved |
| HEAT |
Wall Furnace |
| HOA DUES |
0 |
| INTERIOR |
Granite Counters, Laminate Counters, Tile Counters |
| LOT |
0.3 acre(s) |
| LOT DESCRIPTION |
0-1 Unit/Acre, Irregular Lot, Near Park, Near Public Transit |
| PARKING |
Assigned,Asphalt,Carport,Driveway,Paved |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| UTILITIES |
Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: Standard |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Park/Greenbelt |
| WATER |
Public |
| ZONING |
LARD1.5 |
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Listed with Porter Heritage
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 3/16/25 1:08 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.
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