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This 5 unit apartment building built in 1923 has over 25% rental upside and is unique in unit mix offering 4 two bedroom units, and 1 one bedroom unit within4,700 of building square feet. Additionally there are 5 parking spaces. Conveniently located in Korea town the units are separately metered for gas and electricity. There is an attractive assumable loan with Chase Bank with a loan amount of approx. $570,000 and an interest rate of 3.49% fixed until May 2026. To create additional long term income, the Seller has started the process of obtaining permits to build a 3 bedroom ADU in the rear building with a separate entrance to each bedroom creating a co-living unit.
Property Type(s):
Residential Income
| Last Updated | 1/10/2025 | Year Built | 1923 |
|---|---|---|---|
| Community | Mid Los Angeles | County | Los Angeles |
SCHOOLS
| School District | Los Angeles Unified |
|---|
Additional Details
| AIR | Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Mid Los Angeles |
| HEAT | Wall Furnace |
| LOT | 6630 sq ft |
| LOT DIMENSIONS | 49x135 |
| STORIES | 2 |
| ZONING | LAP |
Location
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Listed with Real Broker
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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