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$2,000,000
Est. payment /mo
7,816 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,816 sqft
Price per Sqft $255
MLS Listing ID CRSR25038742
HOA Y/N No
Year Built 1959
Lot Size 0.308 Acres
Acres 0.31
Property Sub-Type Other
Property Description
Drive by only! Introducing, for the first time on market in over 20 years, the opportunity to purchase this investment opportunity consists of 8 one bedroom + one bath units and 4 two bedroom + one bath units. Ten of the units are section 8. Tenants enjoy onsite laundry and parking for each unit and a close proximity to the 110 and 105 freeways as well as the metro A and C lines. The economics of the offering show immediate returns at the current income level. However, with market rents continuing in an upward trend, an aggressive management approach may realize a significant upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historically low vacancy rates and consistent rent growth over the same period.
Location
State CA
County Los Angeles
Zoning LCR3
Interior
Fireplace No
Laundry Community Facility
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 6060014024
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Listed by Gayle Goode • Branch-Hughes, Angela
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