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PRICE IMPROVEMENT - SELLER READY TO REVIEW OFFERS 6 Detached Units | 4 Delivered Vacant | Significant Value-Add Opportunity Rare opportunity to acquire six detached 1-bedroom, 1-bath units on a spacious lot in South Los Angeles. Four units will be delivered vacant at close of escrow, offering immediate upside and repositioning flexibility. Projected double-digit stabilized returns (11%-14% range based on underwriting assumptions), this property presents a compelling value-add investment with substantial rental upside. Projections indicate strong potential for increased cash flow upon stabilization (buyer to independently verify all assumptions). Each unit is separately metered for gas and electricity (tenant-paid), minimizing owner utility exposure. Detached configuration provides privacy, flexibility, and operational versatility rarely found in comparable multifamily assets. This property offers multiple strategic paths: "¢ Renovate and stabilize for long-term hold "¢ Optimize rents to market levels "¢ Explore specialty housing configurations (buyer to verify sober living, transitional & short term stay with city) "¢ Evaluate redevelopment potential and density expansion (buyer to verify with city) With immediate vacancy control, flexible layout, and strong rental demand in the area, this asset provides investors the opportunity to unlock significant value. Projected stabilized double-digit returns upon full rent optimization (buyer to verify) Ideal for value-add investors, operators, and buyers seeking long-term appreciation in a supply-constrained Los Angeles submarket. Buyer to independently verify all income, expenses, use options, and development potential.
Property Type(s):
Residential Income
| Last Updated | 2/27/2026 | Year Built | 1925 |
|---|---|---|---|
| Community | C34 - Los Angeles Southwest | County | Los Angeles |
Price History
| Prior to Feb 27, '26 | $1,070,000 |
|---|---|
| Feb 27, '26 - Today | $1,049,000 |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Water Heater |
| AREA | C34 - Los Angeles Southwest |
| CONSTRUCTION | Plaster, Stucco |
| FIREPLACE | Yes |
| HEAT | Natural Gas, Wall Furnace |
| INTERIOR | Pantry, Tile Counters, Walk-In Closet(s) |
| LOT | 7004 sq ft |
| LOT DESCRIPTION | Front Yard, Level, Near Public Transit, Paved, Sprinklers In Front |
| LOT DIMENSIONS | 7003 |
| PARKING | Assigned, Concrete, Gated, Side By Side |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Bungalow |
| UTILITIES | Cable Available, Electricity Available, Natural Gas Available, Sewer Available, Water Available, Water Connected |
| VIEW DESCRIPTION | None |
Location
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Listed with Keller Williams Encino/Sherman Oaks
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 2026.
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