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Drive by only! Introducing, for the first time on market in over 20 years, the opportunity to purchase this investment opportunity consists of 8 one bedroom + one bath units and 4 two bedroom + one bath units. Ten of the units are section 8. Tenants enjoy onsite laundry and parking for each unit and a close proximity to the 110 and 105 freeways as well as the metro A and C lines. The economics of the offering show immediate returns at the current income level. However, with market rents continuing in an upward trend, an aggressive management approach may realize a significant upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historically low vacancy rates and consistent rent growth over the same period.
Property Type(s):
Residential Income
| Last Updated | 3/21/2025 | Year Built | 1959 |
|---|---|---|---|
| Community | Metropolitan Southwest | County | Los Angeles |
Price History
| Prior to Mar 21, '25 | $2,799,999 |
|---|---|
| Mar 21, '25 - Today | $2,699,000 |
Additional Details
| AREA | Metropolitan Southwest |
|---|---|
| GARAGE | Carport |
| HOA DUES | 0 |
| LOT | 0.31 acre(s) |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| PARKING | Carport |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Cable Connected,Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: Electricity - On Property |
| WATER | Public |
| ZONING | LCR320U* |
Location
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Listed with Branch-Hughes, Angela
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.
This IDX solution is (c) Diverse Solutions 2025.
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