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Investor Opportunity-Value-Add 23-Unit Multifamily Investment in South LA. Unlock Major Upside in a Rapidly Improving SubmarketNow available: located in the heart of South Los Angeles just minutes from the 110 Freeway and key redevelopment zones. This 17,516 SF building offers an attractive unit mix and sits on a generous lot with gated access and on-site parking. The current rents are significantly below market, presenting investors with approximately 30% upside potential through strategic renovations and leasing. Seller is leaving 3 Units vacant so that the new ownership can touch them up and rent for a higher NOI/GOI. ** GRM is 11.5, including the 3 vacancies. Without the vacancies the GRM would be 9.2 **
Property Type(s):
Residential Income
| Last Updated | 5/24/2025 | Year Built | 1965 |
|---|---|---|---|
| Community | Metropolitan South | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | Metropolitan South |
| GARAGE | Assigned, Attached Carport, Yes |
| HEAT | Wall Furnace |
| LOT | 0.36 acre(s) |
| PARKING | Attached Carport,Assigned |
| STORIES | 2 |
| ZONING | LAR3 |
Location
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Listed with Compass
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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