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Updated and well maintained 3-unit property with newly built ADU offering strong 4-unit rental income in the Vermont Vista neighborhood. This cash flowing property features spacious one bedroom bungalow units that were remodeled prior to current occupancy. This is a great investor opportunity offered at a 12.33 GRM and 5.4 Cap Rate on current rents with an additional 20% upside. Easy access to public transportation including the Metro Blue Line into downtown & south to the Ocean in Long Beach. Adjacent to the 110 (Harbor) Fwy & close proximity to local Elementary & Middle schools. Approximately 3 miles from the Downtown Inglewood Entertainment District including SoFi Stadium, Intuit Dome and Hollywood Park Development. 2/10 of a mile to the Algin Sutton Recreation Center with Tennis & Basketball Courts, Baseball, Soccer Fields, Fitness Zones, Play Areas & Swimming Pools. Don't miss out on this fantastic opportunity!
Property Type(s):
Residential Income
| Last Updated | 3/10/2025 | Year Built | 1923 |
|---|---|---|---|
| Community | Metropolitan Southwest | County | Los Angeles |
Price History
| Prior to Mar 10, '25 | $919,000 |
|---|---|
| Mar 10, '25 - Today | $899,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Range, Microwave, Refrigerator |
| AREA | Metropolitan Southwest |
| CONSTRUCTION | Stucco |
| EXTERIOR | Awning(s) |
| GARAGE | None |
| HEAT | Wall Furnace |
| HOA DUES | 0 |
| INTERIOR | Bedroom on Main Level, Ceiling Fan(s), Quartz Counters, Recessed Lighting |
| LOT | 5129 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| PARKING | None |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| UTILITIES | Electricity Connected,Natural Gas Connected,Sewer Connected, Electric: Electricity - On Property |
| VIEW DESCRIPTION | None |
| WATER | Public |
| ZONING | LARD3 |
Location
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Listed with Buckingham Investments, Inc
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