REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 900,000
Est. payment | /mo
3,909 SqFt
$ 900,000
Est. payment | /mo
3,909 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,909 sqft
Price per Sqft $230
MLS Listing ID 26641143
HOA Y/N No
Year Built 1931
Lot Size 8,276 Sqft
Property Description
The subject property is a Mid-City compound located in a desirable pocket for renters and homeowners alike. The complex consists of 5 units with an excellent mix of 3(2+1)'s and 2(1+1)'s. The structure contains 3,909 square feet and is situated on a large 8,273 square foot lot, zoned LAR2. The income is significantly below market which is an opportunity for a creative investor to deploy a tenant buyout program as well as capitalize upon tenant turnover. The current income is $6,354 per month and the annual income is over $76,000 annually. This long-term investment will not last. This is a prime asset in the middle of the LA, with access to Metro, DTLA, USC and the trendy upscale restaurants and bars in Mid-City.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAR2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Total Parking Spaces 5
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5046004028
Special Listing Condition Standard
Listed by Jerome McAlpin McAlpin & Company
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "