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First time on the market in 45 years. Huge 18,630 sq.ft. LOT. A fantastic value add opportunity for a savvy and seasoned investor. All one bedroom one bath units, approx. 650 plus sq.ft. (Buyer to verify). Potential to reach 9%+ CAP rate over time. Strategically located in the vibrant hub of South LA. Best deal on a per door basis. Capacity for over 90%+ in income growth with the possibility of adding ADUs. TOC-TIER1, subject to LARSO. Large development potential. Separately meter utilities. Buyer to do all due diligence including ADU and Development Potential. Sold "as-is, where-is". Laundry room own by seller. 10+ parking spots. Two units and all parking/storage spaces will be delivered vacant upon closing. Unit rental income is average for all units.
Last Updated | 10/21/2024 | Year Built | 1931 |
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Community | Metropolitan Southwest | County | Los Angeles |
Additional Details
AREA | Metropolitan Southwest |
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HOA DUES | 0 |
LOT | 0.43 acre(s) |
STORIES | 1 |
ZONING | LAR3 |
Location
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