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$ 1,695,000
Est. payment | /mo
1 Bed
16 Baths
9,090 SqFt
$ 1,695,000
Est. payment | /mo
1 Bed
16 Baths
9,090 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 9,090 sqft
Price per Sqft $186
MLS Listing ID 26846351
Bedrooms 1
HOA Y/N No
Year Built 1927
Lot Size 6,076 Sqft
Property Description
PRICE REDUCTION! 16-Unit Value-Add Investment Opportunity in South Los Angeles presenting a rare opportunity to acquire a 16-unit multifamily property in the heart of South Los Angeles, offering strong in-place cash flow and significant upside potential. The property is currently operating at a 7.9% CAP Rate and is offered at an attractive 7.22 GRM, providing investors with an excellent combination of current income and future value growth. Offered at a low $186 per square foot, this asset presents an attractive basis compared to many competing multifamily properties in the Los Angeles market. The property consists of large studio units, each offering approximately 500 square feet or more of living space, a highly desirable feature that continues to attract tenants seeking affordable yet spacious housing options.Several units have already been renovated and remodeled, demonstrating the property's ability to achieve higher market rents. These upgraded units provide a clear blueprint for future ownership to continue enhancing the remaining units and capturing additional rental upside. Through strategic renovations and improved management, investors have the opportunity to further increase income and maximize the property's overall value. Ideally located near some of Los Angeles' most notable destinations, the property offers residents convenient access to Downtown Los Angeles, BMO Stadium, USC, and Exposition Park. These major employment, educational, entertainment, and cultural hubs contribute to strong rental demand and long-term occupancy stability. The property also benefits from excellent transportation access, with major freeways and transportation corridors nearby, allowing residents to conveniently commute throughout Los Angeles County. This accessibility further enhances the property's appeal to working professionals, students, and long-term renters. Situated in a "Very Walkable" location with a Walk Score of 76, residents enjoy easy access to neighborhood-serving retail, restaurants, grocery stores, cafes, and a variety of commercial services. The convenience of nearby amenities creates a desirable living environment that supports tenant retention and rental growth. With strong current returns, proven rental upside, spacious unit layouts, and a highly desirable location, this 16-unit apartment community represents an outstanding value-add investment opportunity in one of Southern California's most dynamic rental markets. Whether for immediate cash flow or long-term appreciation, this property offers investors the opportunity to capitalize on the continued growth and demand throughout South Los Angeles
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAC2
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features None
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5001036003
Special Listing Condition Standard
Listed by Sean Namigohar Lyon Stahl Investment Real Estate, Inc. #01949705
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