The subject property is a six-unit apartment complex located in South Los Angeles. The units were constructed in 1923 and contain 2,978 square feet. The apartments are situated on a large, 10,588 square foot lot which is zoned LAR2. The buildings consist of all one-bedroom units averaging just under 500… Read More square feet each. The complex gives the feel of individual houses which make it very attractive to prospective tenants. Currently, the apartments are generating $8,112 per month and over $97,000 annually. Also, there is plenty of upside in the rents. At a GRM of 8.98 and $145,000 per unit. This is a great investment opportunity. In 2025, a Capital Improvement of $32,820 was invested in the roof. (That was not included in the regular expenses.) Read Less
Courtesy of McAlpin & Company 310-437-4172
Listing Snapshot
Days Online
81
Last Updated
Property Type
Other
Beds
6
Square Ft.
2,976
Lot Size
0.24 Acres
Year Built
1923
MLS Number
26641147
Additional Details
Appliances & Equipment
None
Building
2,976 sq ft, Built in 1923, Levels: One
Cooling
None
Disclosures
As Is
Garage
Gated
Heating
Wall
Lot
LotAcreage: 0.2431, LotSizeArea: 10,591
Parking
TotalParking: 6
Property
NumberOfUnits: 6, Zoning: LAR2
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