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$1,900,000
Est. payment /mo
8,317 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,317 sqft
Price per Sqft $228
MLS Listing ID CL25540315
HOA Y/N No
Year Built 1964
Lot Size 0.261 Acres
Acres 0.26
Property Sub-Type Other
Property Description
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 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.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 4006019017
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Listed by Jerome McAlpin • McAlpin & Company
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