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ACTUAL 9.7 GRM/6.5% CAP RATE. PRO FORMA 8.4 GRM/8.0%+ CAP RATE! This 5 unit property is comprised of two separatebuildings totaling 4,430sf in size. In the rear is a large1,198sf home built in 1980 with 3 bed/1 bath. The frontbuilding was built in 1910 and is approx 3,232sf in sizecomprised of (4) 1/1 units that are each 808sf. One unitis delivered vacant and in rent ready condition allowingfor immediately occupancy.This property allows potential for an owner-occupier tolive in one or more of the units. Or, a savvy investor canmaximize rents and even utilize Section 8 to createimmense equity & cash flow. On a 6,127sf lot zoned RD1.5, this property is welllocated in Los Angeles near Downtown, Crypto Arena, &close proximity to USC, Koreatown, and the 110 freeway. Located off 110 Freeway in Pico-Union close to Downtown, LA Live,Crypto Arena, Koreatown, USC, Local Parks, & tons ofRestaurants & Shops.
Property Type(s):
Residential Income
| Last Updated | 4/30/2025 | Year Built | 1910 |
|---|---|---|---|
| Community | Downtown L.A. | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Disposal, Gas Range, Water Heater |
| AREA | Downtown L.A. |
| CONSTRUCTION | Shake Siding |
| GARAGE | Driveway |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| INTERIOR | Ceiling Fan(s) |
| LOT | 6127 sq ft |
| LOT DESCRIPTION | 2-5 Units/Acre |
| PARKING | Driveway |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
| WATER | Public |
| ZONING | LARD1.5 |
Location
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Listed with Nohco Real Estate
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