Los Angeles, CA90011
| 4660 sqft | MLS# 25486731
Tract:
For Sale $1,550,000
Description
LARGE PRICE ADJUSTMENT! BRING ALL OFFERS! Rare opportunity to buy a building with 5 of 9 units delivered VACANT, giving a Buyer endless rental possibilities to hand pick their own tenants and generate substantial Day 1 cashflow! 2 of the 4 occupied units have been remodeled and are getting Section 8 market voucher rents! Only $172,222 per unit for a top-heavy unit mix with (3) 2 Bed/1 Bath, (4) 1 Bed/1 Bath, and (2) Studio units. Of the 5 vacancies, 2 of them are remodeled and Section 8 move-in-ready, with the other 3 ready for a Buyer to renovate to their preference! In addition to 4 renovated units, the building has undergone remodeled hallways & common areas, electrical repairs, and all 9A work (i.e. EQ shut off valves, carbon and smoke monoxide detectors, water heater strapping and low flush toilets) has been completed. The property is separately metered for gas & electricity, and, with no on-site laundry room, common area utilities will remain low to help sustain a great NOI. Tenants are just a close 2 miles away from the evolving Exposition Park that now features The Lucas Museum of Narrative Art to go along with BMO Stadium, LA Coliseum, California Science Center & Natural History Museum, and USC's campus.
Facts
| Built in 1912 | Lot Size: 4888.00 sqft | HOA Dues: $0/month
Features
Listing provided by Jonathan Rawson, Avenue Realty Group
Based on information from California Regional Multiple Listing Service, Inc. as of June 13, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
