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$ 1,075,000
Est. payment | /mo
5,510 Sqft Lot
$ 1,075,000
Est. payment | /mo
5,510 Sqft Lot
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26068180
HOA Y/N No
Year Built 1957
Lot Size 5,510 Sqft
Property Sub-Type Mixed Use
Property Description
Value-add 8-unit multifamily investment opportunity in South Los Angeles. The property consists of one two-story building with eight 2-bedroom / 1-bath units, offering a clean and highly rentable unit mix. Built in 1957, the asset features approximately 4,560 rentable square feet on a 5,510 square foot lot with on-site parking.
The property delivers strong in-place income with current operations at a 5.23% cap rate and 10.45 GRM, while providing clear upside through renovation, improved management, and rental increases toward market levels. All units are separately metered for gas and electricity with one master water meter, allowing for efficient expense control.
This is a straightforward, low-basis acquisition with day-one cash flow and significant long-term value-add potential in a dense rental submarket.
The property delivers strong in-place income with current operations at a 5.23% cap rate and 10.45 GRM, while providing clear upside through renovation, improved management, and rental increases toward market levels. All units are separately metered for gas and electricity with one master water meter, allowing for efficient expense control.
This is a straightforward, low-basis acquisition with day-one cash flow and significant long-term value-add potential in a dense rental submarket.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Fireplace No
Laundry None
Exterior
Parking Features One Space
Pool None
Community Features Storm Drain(s), Street Lights, Sidewalks, Urban
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Private
New Construction No
Others
Senior Community No
Tax ID 6023016006
Acceptable Financing Conventional
Listing Terms Conventional
Special Listing Condition Standard
Virtual Tour https://www.youtube.com/watch?v=ILXd7mnRYaQ
Listed by Alex Colombo Keller Williams Coastal Prop. 310-978-7950, DRE #01927702
Nearby Locations
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