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$2,288,000
Est. payment /mo
7,758 Sqft Lot
UPDATED:
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR25179186
HOA Y/N No
Year Built 1988
Lot Size 7,758 Sqft
Property Sub-Type Apartment
Property Description
First time on the market in a generation, this 9-unit non-RSO apartment building is a rare find with huge upside with super low rents. Built in 1988, the property offers a great mix of units: 1 three-bedroom/two-bath, 4 two-bedroom/two-bath, and 4 one-bedroom/one-bath. The attractive layouts and size of all units make it especially appealing to tenants. The property is conveniently located near everything—buses, Metro lines, markets, schools, and hospitals.
Most of the units have updated kitchens with granite countertops, and all are separately metered for gas and electricity. Under an astute owner there is tremendous upside in rent and appreciation. This is a solid opportunity to add a clean, low-maintenance, and well-located building to your portfolio.
Please do not disturb tenants. Drive by only. Showings available with accepted offer.
Most of the units have updated kitchens with granite countertops, and all are separately metered for gas and electricity. Under an astute owner there is tremendous upside in rent and appreciation. This is a solid opportunity to add a clean, low-maintenance, and well-located building to your portfolio.
Please do not disturb tenants. Drive by only. Showings available with accepted offer.
Location
State CA
County Los Angeles
Area 677 - Lincoln Hts
Zoning LARD1.5
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 9.0
Garage Description 9.0
Pool None
Community Features Urban
Total Parking Spaces 9
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5210003036
Energy Description 200.0
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Special Listing Condition Standard
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Listed by Paul Luc Resource Real Estate Services 323-229-0398
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