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JLee Broker

[email protected] +1(650) 857-1000

Listed by CYNTHIA RODRIGUEZ, DRE #01328324 • CITY LIGHTS REALTY

$1,299,000

Est. payment - /mo

9,211 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRMB26180974

Style Ranch

Year Built 1904

Lot Size 9,211 Sqft

Source California Regional MLS

Property Description

JUST LISTED! Exceptional 5-unit multifamily investment opportunity in Los Angeles, offered at $1,299,000. The property consists of two separate buildings featuring a completely renovated detached 2-bedroom, 1-bath single-family residence and a separate 4-unit apartment building. The detached residence is currently vacant and offers a private entrance, front yard, and 3-car parking. The 4-unit building features a 2-bedroom/1-bath unit currently leased at $2,100/month, a newly remodeled 3-bedroom/2-bath unit currently vacant, a newly renovated 1-bedroom/1-bath unit currently vacant, and a 3-bedroom/2-bath unit currently leased at $2,900/month. Three of the five units are currently vacant, providing an investor with immediate lease-up and income-growth potential. The property offers a desirable mix of 1-, 2-, and 3-bedroom units, renovated interiors, and approximately 7 parking spaces. Owner currently pays water and trash, while tenants generally pay their own gas and electricity. One occupied unit participates in the Section 8 program. Offered at $1,299,000, this property presents an excellent opportunity for an investor seeking a value-add multifamily asset with substantial upside through stabilization and lease-up.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Rooms

Kitchen Hood Over Range, Other, Oven - Gas

Interior

Heating Wall Furnace

Cooling Window / Wall Unit

Flooring Laminate

Laundry Laundry Area

Exterior

Garage Spaces 8.0

Pool 31, None

View None

Roof Type Shingle

Building

Foundation Raised

Water District - Public

Architectural Style Ranch

Others

Tax ID 6060016016

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1035 W 107th Los Angeles, CA 90044

JLee Broker

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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