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Diego Magdaleno

diego@1visionproperties.com +1(714) 676-7271

$2,550,000

Est. payment - /mo

0.31 Acres Lot

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UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID IV25122754

HOA Y/N No

Year Built 1964

Lot Size 0.311 Acres

Property Sub-Type Apartment

Property Description

Investor's Dream in Prime Location – Fully Occupied 14-Unit Multifamily Complex. Don't miss this exceptional opportunity to own a 14-unit apartment complex about 15 minutes from Downtown Los Angeles! Situated on a generous 13,563 sq ft lot, this income-producing property offers immediate cash flow with 100% occupancy and strong rental upside. Each unit features 2 bedrooms and 1 bathroom, with separate electric and gas meters for tenant convenience and operational efficiency. The property includes 14 individual on-site parking spaces, a rare and valuable amenity in the area. Additional features include on-site owned laundry facilities and a dedicated storage room—both increasing tenant satisfaction and revenue potential. Four of the units have been fully remodeled, offering modern finishes and increasing market appeal. The property is ideally located near major freeways, public transportation, shops, restaurants, and schools—making it highly desirable for tenants. Whether you're expanding your portfolio or seeking a 1031 exchange opportunity, this property checks all the boxes for long-term value and immediate return.

Location

State CA

County Los Angeles

Area 621 - El Sereno

Zoning LARD5

Interior

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned, On Site

Carport Spaces 6

Pool None

Community Features Street Lights

Utilities Available Electricity Available, Sewer Available, Water Available

Total Parking Spaces 14

Private Pool No

Building

Lot Description Corner Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5216008018

Energy Description 3749.0

Acceptable Financing Submit

Listing Terms Submit

Special Listing Condition Standard

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Listed by RACHAEL NOL • KELLER WILLIAMS RIVERSIDE CENT • 951-848-5188

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2460 N Eastern AVE Los Angeles, CA 90032