Classic 1929 Spanish 6-unit in Leimert Park on a large corner lot with major value-add + ADU upside. Strong unit mix: (4) 2BD/1BA + (2) 1BD/1BA with courtyard charm and on-site parking/garages. ~23% mark-to-market upside through organic rent growth as units turn. Potential to add up to four (4) detached… Read More ADUs (Buyer to Verify), increasing income by 87% and a stabilized 8.18% yield on cost. Recent improvements include electrical upgrades, foundation bolting/reinforcement, exterior paint, roof recoat, and two remodeled units (refinished hardwood floors, paint, updated bath/shower, appliances, ceiling fans, mini-splits). Read Less
Property listed by eXp Realty of Greater L.A, Andrew McAllister 925-683-9203
Listing Snapshot
Days Online
0
Last Updated
Property Type
MixedUse
Lot Size
0.17 Acres
Year Built
1929
MLS Number
RS26041961
Additional Details
Building
Built in 1929, 1 building, 2 stories, Entry level: 1, Entry location: Ground
CableAvailable, ElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected, Water Source: Public, 7 separate electric meters, 6 separate gas meters
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