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ACTUAL 9.0 GRM/7.0% CAP RATE. PRO FORMA 7.8 GRM/8.7% CAP RATE! This 5 unit property is comprised of two separate buildings totaling 4,430sf in size. In the rear is a large 1,198sf home built in 1980 with 3 bed/1 bath. The front building was built in 1910 and is approx. 3,232sf in size comprised of (4) 1/1 units that are each 808sf. One unit is delivered vacant and in rent ready condition allowing for immediately occupancy.This property allows potential for an owner-occupier to live in one or more of the units. Or, a savvy investor can maximize rents and even utilizeSection 8 to create immense equity & cash flow. On a 6,127sf lot zoned RD1.5, this property is well located in Los Angeles near Downtown, CryptoArena, & close proximity to USC, Koreatown, and the 110 freeway. Located off 110 Freeway in Pico-Union close to Downtown, LA Live, CryptoArena, Koreatown, USC, Local Parks, & tons of Restaurants & Shops.
Property Type(s):
Residential Income
| Last Updated | 7/15/2025 | Year Built | 1910 |
|---|---|---|---|
| Community | C42 - Downtown L.A. | County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Disposal, Gas Range, Water Heater |
| AREA | C42 - Downtown L.A. |
| CONSTRUCTION | Shake Siding |
| HEAT | Wall Furnace |
| INTERIOR | Ceiling Fan(s) |
| LOT | 6129 sq ft |
| 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 |
Location
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Listed with Nohco Real Estate
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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