We are pleased to announce a price reduction on this clean 11-unit apartment complex, located in the Hyde Park submarket of South Los Angeles. This complex was built in 1964 of wood frame stucco construction. It contains 8,316 square feet and sits on a large 11,352 square foot… Read More lot. The building has an excellent unit mix of all 2-bedroom 1 bath units. Most units feature balconies or patios. The income will be over $15,500 per month, starting 09/01/2025 with additional income coming from the laundry room and other reimbursements. There is parking for each unit and an additional room which could be utilized for another laundry room or rented as storage. Check with the City for possible ADU opportunities. The property has both carport and open space parking. This is a very well-maintained asset, and almost all units have been upgraded. There is no deferred maintenance, and the Soft Story Retrofit has been completed. Please do not walk on property or disturb tenants in any way. All offers to be made subject to inspection. Read Less
Property listed by McAlpin & Company, Jerome McAlpin 310-437-4172
Listing Snapshot
Days Online
169
Last Updated
Property Type
Other
Beds
22
Square Ft.
8,317
Lot Size
0.26 Acres
Year Built
1964
MLS Number
25540315
30 Days Snapshot Of 90043
$886k
-10%
(avg) sold price
17
-34%
homes sold
77
-27%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal
Building
Built in 1964, Building area total: 8,317, Levels: Two, Living area: 8317, 2 stories, 1 building, Architectural style: Contemporary
Cooling
None
Heating
WallFurnace
Income
Gross income: $192,290, Net operating income: $140,240
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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