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Diego Magdaleno

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

$1,049,000

Est. payment - /mo

9,504 Sqft Lot

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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-22948

HOA Y/N No

Year Built 1920

Lot Size 9,504 Sqft

Lot Dimensions Public Records

Property Sub-Type Mixed Use

Property Description

A rare investment opportunity consisting of 4,680 sq ft, 8 bedrooms/7baths: a total of seven units on a 9,508 sq ft lot generating steady rental income with low overhead and strong upside. The front property is a freestanding 2bed/1bath home with long-term tenants, while a two‑story rear structure houses six identical 1 bed/1 bath apartments--each with its own dedicated parking space. A major roof replacement was completed on the larger building roughly three years ago, reducing capital expense.Situated just south of Downtown L.A., this property is a mere 10‑minute drive from the heart of the city and only around 3 miles from USC--making it a highly desirable location for student housing, faculty rentals, and young professionals. Easy access to the I‑110 freeway and local transit routes enhances tenant mobility.For outdoor enthusiasts, the scenic South L.A. Wetlands Park--an award-winning 9‑acre ecological reserve--lies within walking or biking distance, offering trails and green space perfect for daily exercise. Additional nearby recreation includes Augustus F. Hawkins Nature Park and the sports fields and pool at South Park Recreation Center, plus cultural attractions and open space at Exposition Park just a few minutes away.Convenient retail and services are within a mile, including Juanita Tate Marketplace, grocery stores, fitness centers, and neighborhood restaurants.Total parking for seven units is rare in this tight rental market and with consistent unit configurations, operational efficiency is high and turnover minimal. This 7-unit complex delivers dependable income now with room to grow. For investors seeking stable cash flow, low maintenance, and a strategic South L.A. location.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Building/Complex Name South L.A. Wetlands Park

Zoning LARD1.5

Rooms

Other Rooms Two On A Lot

Interior

Interior Features Utility Room

Heating None

Cooling None

Flooring Carpet, Tile

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Assigned, Concrete, Driveway, Paved

Fence Block, Wrought Iron

Pool None

Community Features Street Lights, Sidewalks, Park

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Overhead Utilities

View Y/N No

View None

Roof Type Composition

Total Parking Spaces 8

Private Pool No

Building

Lot Description Near Park, Near Public Transit, Rectangular Lot, Sprinklers None, Street Level, Walkstreet

Faces South

Story 2

Entry Level One,Two

Foundation Pillar/Post/Pier, Slab

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Mid-Century Modern

Level or Stories One, Two

Additional Building Two On A Lot

New Construction No

Others

Senior Community No

Tax ID 5109024021

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Luis Montejano Metzo Realty Inc (323) 333-0011

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313 E 52nd ST Los Angeles, CA 90011