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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$959,000

Est. payment - /mo

8 Beds

7 Baths

1,827 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,827 sqft

Price per Sqft $524

MLS Listing ID 25543155

Bedrooms 8

HOA Y/N No

Year Built 1924

Lot Size 5,462 Sqft

Property Description

-- Strong cash flow from current tenants at a 7.31% cap rate. -- 2 vacant units (2+1, 1+1) for a new owner to renovate and/or choose their own tenants. -- Value-add potential for up to 6 units by legalizing non-conforming spaces and/or adding ADU units.* -- High development potential for a +/- 5,460 SF lot zoned R2 near USC and Downtown Los Angeles. -- Property is a duplex on title and is sold on an as-is where-is basis. -- Tenants enjoy the convenience of 7 separate private entrances to the units and 5 parking spaces in front. *Buyer to conduct own due diligence and verify all information that is provided for reference purposes only.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LAR2

Interior

Heating None

Fireplace No

Exterior

Parking Features Uncovered

Total Parking Spaces 5

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5003005023

Special Listing Condition Standard

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Listed by Nicole Lu • Maher Commercial Realty

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1723 W 52nd ST Los Angeles, CA 90062