9,944 Sqft Lot
9,944 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25268861
HOA Y/N No
Year Built 1962
Lot Size 9,944 Sqft
Property Sub-Type Apartment
Property Description
This rare offering delivers strong in-place income with a solid 6% CAP rate in one of Los Angeles' most desirable rental markets. The property features a balanced and attractive unit mix: nineteen one-bedroom units, one two-bedroom unit, and a standout three-bedroom rooftop penthouse with its own private outdoor space—ideal for commanding premium rents.
Located in a high-demand neighborhood, the building enjoys consistently strong occupancy and stable rental income, supported by immediate access to shopping, dining, and public transit. With room for value-add upgrades and rent growth, this asset offers both steady cash flow and significant long-term upside.
Don't miss this rare chance to acquire a high-yield property in a top-tier Los Angeles location!
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 24.0
Garage Description 24.0
Pool None
Community Features Sidewalks
Total Parking Spaces 24
Private Pool No
Building
Lot Description 21-25 Units/Acre
Story 4
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5155013008
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Ivanhoe Elementary
Public | KG - 5
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Citizens of the World Charter
Public | KG - 8
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Equitas Academy Charter
Public | KG - 5
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Gabriella Charter
Public | KG - 8
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Los Feliz STEMM Magnet School
Public | KG - 6
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Hoover Street Elementary
Public | KG - 5
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Franklin Avenue Elementary
Public | KG - 5
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Clifford Street Math & Technology Magent
Public | KG - 6
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Allesandro Elementary School
Public | PK - 5
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Cheremoya Avenue School
Public | PK - 6
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Hollywood Primary Center
Public | KG - 3
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Dr. Sammy Lee Medical and Health Science Magnet
Public | KG - 5
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Equitas Academy Charter #2
Public | 5 - 8
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Dorris Place Elementary
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Wilshire Park Elementary
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Van Ness Avenue Elementary
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Kim Elementary School
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Cahuenga Elementary School
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Downtown Value
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Micheltorena Elementary
Public | KG - 5
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Rise Kohyang Middle School
Public | 6 - 8
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Alliance Gertz-Ressler Richard Merkin 6-12 Complex
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Virgil Middle School
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Thomas Starr King Middle School
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New Designs Charter
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Pico Pico Middle School
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Joseph Le Conte Middle School
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RFK Community Schools - Ambassador School of Global Leadership
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Los Angeles Academy of Arts & Enterprise Charter
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Vista Charter Middle School
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Alliance College-Ready Middle Academy No. 12
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John Adams Middle School
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Studio
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Monsenor Oscar Romero Charter Middle School
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Johnnie Cochran Jr. Middle School
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Apex Academy
Public | 7 - 12
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Global Education Academy Middle School
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Berendo Middle School
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Young Oak Kim Academy
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John Liechty Middle School
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Alliance Dr. Olga Mohan High School
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Downtown Business High School
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John Marshall High School
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Orthopaedic Hospital
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Frederick Douglass Academy High School
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STEM Academy of Hollywood
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Central City Value
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Camino Nuevo High No. 2
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Alliance College-Ready Academy High No. 16
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Ramon C. Cortines School of Visual and Performing
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PUC Early College Academy for Leaders & Scholars (ECALS)
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Usc Hybrid High School
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Belmont Sh-la Teacher Preparatory Academy
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Camino Nuevo Charter High School
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Roybal Learning Center
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Alliance Tennenbaum Family Technology High School
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RFK Community Schools - Los Angeles High School of the Arts
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Santee Education Complex
Public | 9 - 12
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Miguel Contreras Learning Complex - School of Business & Tourism
Public | 9 - 12
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Los Angeles River High School
Public | 9 - 12
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