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Back on Market Multi Unit - Great potential - 2 units on a large oversized lot, wood construction/stucco, located in the Olivito Heights area of Los Angeles, footsteps from South Bay areas, each unit has 3 bedrooms/2 Bathrooms with washer-dryer connections for laundry in each unit. Outstanding opportunity for investors; own property near the expansive development areas and complexes; Extensive Shopping and retail, home stadium for the Rams and Chargers, new Clipper Stadium, Sofi Stadium, The Kia Forum, easy access to the 110/105/405 freeways and just minutes to LAX, and beach areas, Hermosa, Manhattan and Redondo. The property has a expanded driveway area (gated) with at least 7 off street parking spaces. Each tenant pays their own utilities with separate meters. Both units are currently occupied, tenant #1 is on contract with Section 8, contract expires March 1, 2025, tenant #2 is on a month to month rental agreement, can be vacant with a 30 day notice. This is a great property to add or begin your investment real estate portfolio. The property is being sold in As-Is condition with no repairs being completed. Buyer and Agents to verify all information, all accepted offers are required to submit a loan application with a lender of the Seller's choice. Please do not disturb the current residents. There will be no showings without a submitted offer and verification of the potential Buyer's financial loan approval status, Seller open to Cash offers/1031 exchange transactions.
Property Type(s):
Residential Income
| Last Updated | 1/22/2025 | Tract | Olivito Heights |
|---|---|---|---|
| Year Built | 1934 | Community | Metropolitan Southwest |
| County | Los Angeles |
SCHOOLS
| School District | Los Angeles Unified |
|---|
Price History
| Prior to Jan 22, '25 | $899,000 |
|---|---|
| Jan 22, '25 - Today | $880,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Disposal |
| AREA | Metropolitan Southwest |
| FIREPLACE | Yes |
| GARAGE | Driveway |
| HEAT | Central |
| LOT | 9233 sq ft |
| PARKING | Driveway |
| STORIES | 1 |
| STYLE | Other |
| SUBDIVISION | Olivito Heights |
| VIEW DESCRIPTION | None |
| ZONING | LCR320U* |
Location
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Listed with Pacific Playa Realty
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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