Value-add multifamily opportunity in Los Angeles, also known as 7301 Towne Ave. Situated on a large 6,714 sq ft corner lot, this R2-zoned property consists of a single-family residence plus a duplex (3 units total), offering both stable in-place income and multiple paths for upside. The property currently offers a… Read More strong cap rate, with clear opportunities to increase rents to market levels, renovate existing units, and add an ADU to further maximize income. The corner lot configuration and favorable zoning create long-term redevelopment and expansion potential, making this an ideal asset for investors seeking both cash flow and future value growth. Centrally located near schools, parks, public transportation, and major thoroughfares, this property combines strong fundamentals, flexible exit strategies, and long-term appreciation potential in a high-demand rental market. Read Less
Courtesy of Nest Seekers 310-278-8861
Listing Snapshot
Days Online
11
Last Updated
Property Type
Other
Beds
4
Square Ft.
1,846
Lot Size
0.15 Acres
Year Built
1937
MLS Number
26650397
Additional Details
Appliances & Equipment
Range/Oven
Building
1,846 sq ft, Built in 1937, Levels: One
Cooling
None
Disclosures
None
Garage
None
Heating
Wall Gas
Lot
LotAcreage: 0.1542, LotSizeArea: 6,716
Parking
TotalParking: 0
Property
NumberOfUnits: 3, Zoning: LAR2
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