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Welcome to this charming Spanish architectural fourplex, just 3 blocks away from USC, Exposition Park, the New Lucas Museum, The Coliseum, and the BMO Stadium. This well-maintained building offers two lower and two upper, single-level homes with spacious living spaces and private laundry rooms. Each unit is a 1 bedroom and 1 bath and can easily be converted in a two bedroom/ 2bath unit because of how large the units are. Each unit receives plenty of natural light and fresh air with front and back entrances. There are limited common walls which add to the privacy and reduced noise transfer. Parking is never an issue. Each unit is separately metered for gas and electricity. This fourplex/five-unit building presents an exciting opportunity to increase rents and add value. With some updates already completed, there is room for further improvements to attract higher-paying tenants and maximize rental income. There is an unpermitted ADU fully remodeled 2 bedrooms/1 bath in the back that is detached from the building and brings in high rent. The neighborhood's popularity among students and its proximity to USC make this fourplex/five unit building an ideal investment. Additionally, there is potential for development, as the property is located in a burgeoning neighborhood with the possibility of acquiring neighboring properties for expansion. With the area experiencing growth and revitalization, developers and investors will find this property appealing. Take advantage of the increasing demand for housing by exploring options such as adding units, converting existing units into larger living spaces, or other development possibilities. This property offers flexibility and potential for those looking to capitalize on the growing market as this property is located a block away from USC and the new museum. This is prime real estate and will not last long on the market. 2 units will be delivered vacant.
Property Type(s):
Residential Income
| Last Updated | 11/5/2024 | Year Built | 1914 |
|---|---|---|---|
| Community | Los Angeles Southwest | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dryer, Microwave, Washer |
| AREA | Los Angeles Southwest |
| GARAGE | Driveway |
| HEAT | Forced Air |
| LOT | 6782 sq ft |
| PARKING | Driveway |
| STORIES | 2 |
| ZONING | LARD1.5 |
Location
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Listed with Chase Skye Realty Group
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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