Investment Opportunity!!
This well-maintained fourplex offers excellent potential for investors seeking strong returns
Built in 1953, the property consists of three buildings:
*** Unit (A) is a 3 bed & 1.75 bath house with its own backyard and attached one car garage
*** Unit B: Is a comfortable 2-bedroom, 1-bathroom unit
*** Units C & D: Are two charming 1-bedroom, 1-bathroom units
Reposition and unlock additional revenue with proforma rents almost doubling current income!
Additional opportunity also exists with the 580 sq ft garage. Currently used for storage, it has the potential to be converted into an Accessory Dwelling Unit (ADU), generating additional rental income.
Strong Rental Market
Current rents total $5,585/month, with an estimated 40%+ in upside potential rent. This property is ideal for investors seeking a fix-and-flip strategy or a long-term hold with significant income growth.
Highlights:
Four-unit apartment complex in desirable location
Large lot with development potential (zoned CORH)
Three well-maintained buildings
Significant upside potential
Potential ADU conversion opportunity
This property is exempt from LA City rent control, offering additional flexibility for investors
Property Type :
Residential Income
County :
Los Angeles
Style :
Residential Income
Sell a home like this and save $61,001 Find Out How
| Unit No |
Unit Key |
Total Bath |
Total Bed |
Full Bath |
Half Bath |
| 1 |
1072884254 |
1 |
1 |
1 |
0 |
| 2 |
1072884254 |
1 |
1 |
1 |
0 |
| 3 |
1072884254 |
1 |
2 |
1 |
0 |
| 4 |
1072884254 |
2 |
3 |
1 |
0 |
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ByOwner last updated this listing 05/16/2024 @ 09:59
MLS: RS24082180
LISTED BY: Isaac Rosales, Executive Bankers Realty
SOURCE: CRMLS
Buyer Agency Compensation: 2%
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.
