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Prime Location Alert. Just minutes from Sofi Stadium, LAX, Silicon Beach, West LA, and the South Bay, this exceptional 7-unit building offers an unbeatable investment opportunity. Featuring a nearly finished, brand-new 2bd/1ba permitted ADU, this property is already generating a substantial $191,088 in gross income—with a 20.13% upside potential in rents.The building boasts 3 newly remodeled units and recent upgrades, including dual-pane windows, copper plumbing, a new roof, foundation work, fresh exterior paint, and updated landscaping. Plus, with a Tier 3 Transit Oriented Communities Density Bonus (TOC), the 7,008 sq ft R3 lot offers exciting future development potential.This property is ideal for investors looking for a stable rental market and unparalleled access to premier Westside and South Bay attractions. The seller is willing to do a 1031 exchange at no cost to the buyer, making this deal even more attractive.Don’t miss out on this incredible long-term investment opportunity! Contact us for the offering memorandum.
Property Type(s):
Residential Income
| Last Updated | 11/17/2024 | Year Built | 1951 |
|---|---|---|---|
| Community | Westchester | Garage Spaces | 4.0 |
| County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Dryer, Microwave, Refrigerator, Washer |
| AREA | Westchester |
| GARAGE | Assigned, Yes |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Down, Ceiling Fan(s) |
| LOT | 7008 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| PARKING | Assigned |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Phone Connected,Sewer Connected,Water Connected, Electric: 220 Volts |
| WATER | Public |
| ZONING | LAR3 |
Location
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Listed with Coldwell Banker Realty
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