Listed by Bryan Glenn of Kidder Mathews of California, Inc. [email protected]
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This is a true value add investment opportunity in the heart of Los Angeles. The property features one and two-bedroom units with a central courtyard and on-site parking. The structures sit on a large corner lot totaling 14,140 square feet. As an investment, there is almost 50% upside in the current rents. An investor can implement a strategic interior and exterior renovation strategy with the goal of increasing rents and taking advantage of the strength of this submarket. In addition, the property features detached carports which may provide potential to create ADUs at the property. The property also features coin operated laundry on-site.
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Listing Snapshot
Price
$3,150,000
Days On Site
14 Days
Bedrooms
N/A
Inside Area (SqFt)
10,278 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.3246 Acres
Year Built
1951
MLS® Number
25581297
Status
Pending
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
a week ago
Listing updated with changes from the MLS®
2 weeks ago
Status changed to Pending
2 weeks ago
Listing first seen on site
General Features
Acres
0.3246
Number Of Stories
2
Parking
Detached Carport
Parking Spaces
12
Security
Security Gate
Special Circumstances
Standard
SqFt Total
10278
Stories
One
Zoning
LAR3
Interior Features
Cooling
Wall/Window Unit(s)
Heating
Wall Furnace
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Community Features
MLS Area
C18 - Hancock Park-Wilshire
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.