6,120 Sqft Lot
6,120 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 SB26205097
HOA Y/N No
Year Built 1962
Lot Size 6,120 Sqft
Property Sub-Type Mixed Use
Property Description
The four occupied units currently generate $5,114 per month in scheduled rent, providing an existing income base while a new owner completes the renovation of the front house. Currently vacant with the interior gutted, the front house offers the opportunity to create a newly updated rental and establish a new tenancy upon completion.
Beyond the immediate front-house opportunity, the existing apartments offer additional long-term rental upside, with current rents below estimated market levels. At a $750,000 asking price, the property is offered at $150,000 per unit, creating an attractive basis for an investor seeking a combination of existing income and value-add potential.
Seller has already completed the prior eviction and remediation of the front house, allowing a buyer to focus on renovation and lease-up rather than the possession process. Conveniently located with access to major employment centers, transportation corridors and destinations throughout South Los Angeles. Financials, rent roll and detailed investment analysis available upon request.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 2.0
Carport Spaces 3
Garage Description 2.0
Pool None
Community Features Sidewalks
Total Parking Spaces 5
Private Pool No
Building
Lot Description Paved
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6076018009
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
NEARBY SCHOOLS & PROPERTIES
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "