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Listing Price Reduced! Submit All Offers! Seller is Motivated! This 21-unit investment opportunity is located in Hyde Park, a rapidly gentrifying area due to its vital intra-sector development, and its proximity to Leimert Park's dynamic arts district and to Inglewood's thriving business community. The property is zoned R3 and sits on a large 16,755 square foot lot. The structure boasts a NEW ROOF and NEW ELECTRIC PANELS. The unit-mix consists of 3 two-bedrooms, 17 one-bedrooms, and 1 studio. There are 17 secure parking spaces. All units are individually metered for gas and electricity. The property is within 500 feet of the new Hyde Park/Crenshaw metro line. The structure is seismic-retrofit compliant. The property has a 15% rental upside! Sale is not subject to a 1031 exchange.
Property Type(s):
Residential Income
| Last Updated | 10/10/2024 | Year Built | 1962 |
|---|---|---|---|
| Community | Park Hills Heights | County | Los Angeles |
Price History
| Prior to Sep 10, '24 | $4,998,000 |
|---|---|
| Sep 10, '24 - Oct 10, '24 | $4,445,000 |
| Oct 10, '24 - Today | $4,440,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Range |
| AREA | Park Hills Heights |
| GARAGE | Driveway, Yes |
| HEAT | Natural Gas |
| LOT | 0.38 acre(s) |
| LOT DIMENSIONS | 119x140 |
| PARKING | Driveway |
| STORIES | 2 |
| ZONING | LAR3 |
Location
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Listed with Keller Williams Beverly Hills
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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