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$ 948,888
Est. payment | /mo
1 Bed
1 Bath
5,200 Sqft Lot
$ 948,888
Est. payment | /mo
1 Bed
1 Bath
5,200 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV26083183
Bedrooms 1
Lot Size 5,200 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
High-yield, stabilized 4-unit asset with strong in-place income and future upside in the path of Los Angeles continued economic expansion. This approximately 2090 sqft multi-family property is 100% tenant-occupied, with four 1 bedroom units; three units are currently at market rents, offering investors immediate cash flow and a favorable going-in cap rate with additional rental upside for the fourth unit. The property features detached car garage structures plus two assigned parking spaces, ensuring each unit benefits from dedicated parkinga critical driver of tenant retention and rental premiums in dense Los Angeles markets. Separately metered utilities and a well-maintained layout contribute to low operating expenses and efficient management, making this an ideal turnkey hold with value-add potential. Strategically located with convenient access to major employment and school/university hubs as well as to transit corridors 110/105 fwys. Plus sits within close proximity to Downtown Los Angeles, USC Village, Hollywood Park, and Los Angeles International Airportall key demand drivers for long-term and short-term housing. Positioned to benefit from the upcoming 2028 Summer Olympics, also nearby SoFi Stadium, Intuit Dome, BMO Stadium, LA Memorial Coliseum, USC, Crypto.com Arena, and DTLA Live Hub, Los Angeles is expected to experience millions of visitors this a significant surge in housing demand, with estimates of up to 15 million attendees which will continue to drive increased competition for rental housing and premium lease rates across the market. With strong current inc
Location
State CA
County Los Angeles
Zoning Assessor
Direction Nearest maior cross streets off Normandie Ave & Manchester Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6018025022
Virtual Tour https://youtu.be/9lxjj8XIPEg
Listed by Darwin Ciria, DRE#01981762 MCLEOD AND ASSOCIATES
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