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PRICED TO SELL - 9.3 GRM and 6.6% CAP against in place rents with upside to an 8.2 GRM and 8.0% CAP. 12 units in Los Angeles subject to City of LA Rent Control (RSO). 10 of 12 units have been heavily updated with new kitchens, baths, flooring, etc. Only units 4 & 12 remain to be updated. The electrical and plumbing for those 10 units have been updated as well - Buyer to verify. Previous owner spent over $700K on rehab. The parking has also received the City of LA mandatory retrofit. The property features 17 onsite parking spaces (6 tandem spaces and 5 single spaces) which is a huge value add for this apartment dense location with impacted parking. The property has an excellent unit mix of 1, 2 and 3 bedroom units and an onsite laundry room. Section 8 is a big housing provider in this area and will pay up to $2,490 per month for a 2 bedroom unit. There is a ton of redevelopment within 1 mile of the property. The Baldwin Hills Crenshaw Plaza and 5035 Coliseum Street mixed-use projects are in development, representing an estimated $1.5 billion in investment. These developments will deliver nearly 1,800 new residential units, a Costco, a 400-room hotel, expanded retail, office space, restaurants, and new public gathering areas, fundamentally reshaping the Baldwin Hills/Crenshaw corridor. Excellent lender financing available for qualified Buyers - 30% down, 6.1% fixed for 5 years, Interest Only.
Property Type(s):
Residential Income
| Last Updated | 9/28/2026 | Year Built | 1959 |
|---|---|---|---|
| Community | PHHT - Park Hills Heights | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| AREA | PHHT - Park Hills Heights |
| HEAT | Wall Furnace |
| LOT | 8102 sq ft |
| LOT DIMENSIONS | 8103 |
| PARKING | Assigned |
| STORIES | 2 |
Location
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Listed with The Agency
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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