First time on the market in 45 years. Huge 18,630 sq.ft. LOT. A fantastic value add opportunity for a savvy and seasoned investor. All one bedroom one bath units, approx. 650 plus sq.ft. (Buyer to verify). Potential to reach 9%+ CAP rate over time. Strategically located in the vibrant hub of South LA. Best deal on a per door basis. Capacity for over 90%+ in income growth with the possibility of adding ADUs. TOC-TIER1, subject to LARSO. Large development potential. Separately meter utilities. Buyer to do all due diligence including ADU and Development Potential. Sold "as-is, where-is". Laundry room own by seller. 10+ parking spots. Two units and all parking/storage spaces will be delivered vacant upon closing. Unit rental income is average for all units.
- Listing Status: Active
- Listing Agent: George Morales
(lic# 01984555)
of Beverly Hills/Greater LA
- Listing Office: Compass
(lic# 01991628)
- CO-Listing Agent: Subscriber Non
(lic# 13252)
of Beverly Hills/Greater LA
- CO-Listing Office: Non-Participant Office
(lic# 13252)
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Based on information from CRISNet MLS as of 10th December 2024 at 9:25am. 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.
