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Conveniently located minutes to Sofi, LAX, Silicon Beach, West LA, and the South Bay, this 6-unit building with an almost completed, BRAND NEW 2bd/1ba permitted ADU, is generating $191,092 in gross income w/ 19% upside in rents. In addition to 3 units having been recently remodeled, the list of building upgrades includes dual pane windows, copper plumbing, a new roof, foundation work, exterior painting, and landscaping. There is also a Tier 3 TOC Density Bonus for future development potential of the 7,008 sq ft R3 lot. This property is a great opportunity and long-term play, for a buyer looking to be in a stable rental area with proximity and access to some of the best attractions of the Westside and South Bay. Seller to do a 1031 exchange at no cost to buyer.
Last Updated | 10/3/2024 | Year Built | 1951 |
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Community | Westchester | County | Los Angeles |
Additional Details
APPLIANCES | Dryer, Microwave, Refrigerator, Washer |
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AREA | Westchester |
CONSTRUCTION | Stucco |
GARAGE | One Space, Uncovered |
HEAT | Wall Furnace |
INTERIOR | Ceiling Fan(s) |
LOT | 7008 sq ft |
PARKING | One Space,Uncovered |
POOL DESCRIPTION | None |
SEWER | Other |
STORIES | 2 |
VIEW DESCRIPTION | None |
ZONING | LAR3 |
Location
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