Request More Info
Schedule a Showing
Share
Print
|
** ONE VACANT UNIT & TWO VACANT GARAGES** 5748 Morley St is a 2,280-square-foot, 3-unit apartment building situated on a 6,864-square-foot LAR3 TOC Tier 3 lot, offering a great opportunity for investors or owner-occupants. Located south of Manchester Ave and west of the 405 freeway, the property is in a rapidly evolving pocket of Westchester, where new development continues to enhance the neighborhood's appeal.The building includes two 1-bed/1-bath units, one of which has been remodeled and is VACANT, along with a 2-bed/1-bath unit. Additionally, there are three garages, two of which are VACANT, offering potential for storage or conversion.With the passing of SB 1211, up to three ADUs can be added, creating an opportunity to increase rental income. Factoring in construction costs, the property is projected to operate at a 7.41% cap rate, making it an attractive value-add investment.This pocket is experiencing significant growth, with multiple new developments in progressincluding 16-unit projects at 8833 S Ramsgate Ave and 8900-8904 Ramsgate Ave, along with several others in the surrounding area. This would be perfect for an owner occupant or an investor looking to add value.
Property Type(s):
Residential Income
| Last Updated | 2/3/2025 | Year Built | 1950 |
|---|---|---|---|
| Community | Westchester | County | Los Angeles |
Additional Details
| APPLIANCES | Refrigerator |
|---|---|
| AREA | Westchester |
| GARAGE | Carport, Door-Multi, Garage, Yes |
| LOT | 6866 sq ft |
| PARKING | Carport,Door-Multi,Garage |
| ZONING | LAR3 |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
Listed with Lyon Stahl Investment Real Estate, Inc.
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.
This IDX solution is (c) Diverse Solutions 2025.
Twitter
Facebook
Email