Large 4 unit property located in a high demand OPPORTUNITY ZONE. Spacious building with over 4,000 sqft of living space built in 1923. It features 4 large-1 bedroom units just about 1,030 sqft each with spacious living rooms, kitchen and laundry area inside each unit. Additionally, there is significant upside… Read More with the possibility of adding an Accessory Dwelling Unit (ADU) in the back yard with alley access. All units are tenant occupied with a generous rental upside $49,668/annually (+/- 4.73% CAP Rate, +/-21.14 GRM). Located near USC, iconic venues like the LA Memorial Coliseum, BMO Stadium, Natural History Museum, California African American Museum, Rose Garden, California Science Center, Shrine Auditorium & Expo Hall, Galen Center, and major Olympic event locations, this property is perfectly remodeled and positioned to capitalize on increased demand for housing during and beyond the Games. Don't miss out on this chance to secure a property in one of LA's hottest neighborhoods before the world arrives! Read Less
Property listed by Century 21 Allstars, Danny Navarro 949-903-6633
Listing Snapshot
Days Online
4
Last Updated
Property Type
Quadruplex
Lot Size
0.15 Acres
Year Built
1923
MLS Number
DW25145544
30 Days Snapshot Of 90037
$796k
+14%
(avg) sold price
4
-50%
homes sold
57
-3%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1923, Building area total: 4,120, Levels: Two, 2 stories, 1 building, Architectural style: , Attached, Common walls: OneCommonWall
Community
Suburban
Expenses
Operating expense: $250
Garage
8 spaces
Income
Gross income: $49,652, Net operating income: $49,652
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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