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This property features a diverse unit mix, including a spacious 3-bedroom, 3-bathroom single-family residence (SFR), a 2-bedroom, 1-bathroom unit, and a 1-bedroom, 1-bathroom unit. The varied unit sizes attract a wide range of tenants, helping to reduce vacancy rates and maintain stable cash flow. The 3+3 SFR, built in 2008, complements the two smaller units from 1928, allowing for flexible leasing strategies that balance higher rental income from the larger unit with more affordable options for the smaller units. Additionally, the SFR offers ADU conversion potential with a 1-car garage, providing an opportunity to further increase rental income. The property will be delivered with three vacant units, offering investors a value-add opportunity to renovate and achieve market-rate rents. Generous parking options include a private garage for the 3+3 SFR and additional garage and open spaces for the other units. Key amenities such as in-unit and on-site washer and dryer, central air and heat, a gated entrance, and manicured landscaping enhance tenant appeal. The vacant status of the property allows investors to hedge against potential rent control measures like Prop 33 by leasing at market rates. Moreover, the property is not subject to costly seismic retrofitting requirements, making it a more attractive investment opportunity.
Last Updated | 10/25/2024 | Year Built | 1928 |
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Community | Mid Los Angeles | County | Los Angeles |
Additional Details
AIR | None |
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AREA | Mid Los Angeles |
GARAGE | None |
HEAT | None |
LOT | 5752 sq ft |
PARKING | None |
STORIES | 2 |
ZONING | LARD1.5 |
Location
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