Thank you
Sabina Yi
Keller Williams Beverly Hills
310-432-6400
Great opportunity to purchase a well-maintained 4-unit apartment complex located in South LA. The complex is appx 3,036 SF on 5,000 SF lot, consists of 4 units in total- each 2BR/1BA, with four uncovered parking spaces in the back. Unit 4 has just completed renovations and will be delivered vacant and ready to be rented out. Landlord can also vacate a 2nd unit by close of escrow. Live in one unit while collecting rents! Rents can be increased June 2024. Property also includes new roof (2022), individual electrical panels, all units separately metered, and each unit with own water heater. No laundry on site. The property is subject to rent control with significant rent upside. The seller will not relocate any of the exiting tenants. Centrally located just minutes from USC, DTLA, and many parks and museums nearby, along with many restaurants and shops, and easy access to freeways and transportation.
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Total Bedrooms : 8
Total Baths: 4
Full Baths: 0
Half Baths: 0
Property Appliances: Dishwasher,Refrigerator
None
Air Conditioning
Wall Furnace
Has Heating
Year Built: 1961
Building Area Total: 3,036
Gated Community
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1148
Lot Size Source: Assessor
Lot Size Square Feet: 5000
Original List Price: 949,000
Listing Contract Date: 2024-04-01
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5106023029
Garage Description: Gated,Uncovered
Lease Term: Negotiable
Source Listing Status: Active
Source Neighborhood: C42 - Downtown L.A.
Postal Code Plus 4: 5052
Directions: On 51st St between Compton Ave and Long Beach Ave
Zoning: LAR2
Source Property Type: Residential Income
Area: C42 - Downtown L.A.
Property Age: 63
Year Built Source: Vendor Enhanced
Total Square Feet Living: 3036
Levels or Stories: Two,Multi/Split
Building Total Stories: 2
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
Residential Income, Los Angeles, CA,90011 | $990,000 | 6 | -- | 2,302 | 4400 Sqft |
606 E 51st Street, Los Angeles, CA,90011 | $1,400,000 | 6 | -- | 2,870 | 9937 Sqft |
876 -876 1/2 E 41st Place, Los Angeles, CA,90011 | $739,900 | 6 | 3 | 2,112 | 6250 Sqft |
4725 Compton Avenue, Los Angeles, CA,90011 | $450,000 | 2 | 1 | 1,029 | 2731 Sqft |
851 E 32nd Street, Los Angeles, CA,90011 | $675,000 | -- | -- | 2,400 | 5230 Sqft |
802 E. 25th Street, Los Angeles, CA,90011 | $824,999 | 5 | 1 | 2,026 | 163437120 Sqft |
2808 Maple Avenue, Los Angeles, CA,90011 | $650,000 | 2 | -- | 1,072 | 4800 Sqft |
209 E 31st Street, Los Angeles, CA,90011 | $675,000 | 2 | 1 | 1,028 | 6280 Sqft |
461 E 30th Street, Los Angeles, CA,90011 | $775,000 | -- | -- | 3,097 | 6244 Sqft |
1598 E 46th Street, Los Angeles, CA,90011 | $700,000 | -- | -- | 1,794 | 5257 Sqft |
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ByOwner last updated this listing 05/21/2024 @ 09:45
MLS: 24375173
LISTED BY: Sabina Yi, Keller Williams Beverly Hills
SOURCE: CRMLS
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.