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Diego Magdaleno

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

$1,049,000

Est. payment - /mo

7 Beds

5 Baths

2,847 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 2,847 sqft

Price per Sqft $368

MLS Listing ID 25570667

Bedrooms 7

HOA Y/N No

Year Built 1949

Lot Size 8,999 Sqft

Property Description

Unlock the potential of this exceptional 3-unit property situated on a spacious 9,000 sq. ft. lot, offering both immediate income and future development opportunities. Potential buyers can enjoy a 7%+ CAP. rate currently exceeding the average, which is usually below 5%. R3 Zoning is located in a prime area, and this property offers direct access to Sofi Stadium, Intuit Dome, shopping centers, schools, grocery stores, and more. A rare investment opportunity with strong growth potential This well-maintained multifamily asset features a desirable unit mix:One-4bed, 2-bath unit, One 2-bed, 2-bath unit, One 1-bed, 1-bath unit. Each unit comes equipped with in-unit washer/dryer hookups, enhancing tenant convenience and rental appeal. The expansive backyard presents an incredible value-add opportunity build an additional 2-unit structure or a spacious ADU for increased rental income. Additionally, rents are currently below market value, offering significant upside potential for investors looking to maximize cash flow. The owners have drawings for proposed plans which they are willing to share with the new owner. Located in a prime area, this property offers direct access to Sofi Stadium, Intuit Dome, shopping centers, schools, grocery stores, and more. A rare investment opportunity with strong growth potential. Property is tenant-occupied please do not disturb tenants.

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LCR320U*

Interior

Heating Natural Gas, Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features Driveway

Building

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6076016017

Special Listing Condition Standard

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Listed by Patricia Scott Compass

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11100 S Normandie AVE Los Angeles, CA 90044