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$ 3,150,000
Est. payment | /mo
10,278 SqFt
$ 3,150,000
Est. payment | /mo
10,278 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,278 sqft
Price per Sqft $306
MLS Listing ID 25581297
HOA Y/N No
Year Built 1951
Lot Size 0.325 Acres
Property Description
This is a true value add investment opportunity in the heart of Los Angeles. The property features one and two-bedroom units with a central courtyard and on-site parking. The structures sit on a large corner lot totaling 14,140 square feet. As an investment, there is almost 50% upside in the current rents. An investor can implement a strategic interior and exterior renovation strategy with the goal of increasing rents and taking advantage of the strength of this submarket. In addition, the property features detached carports which may provide potential to create ADUs at the property. The property also features coin operated laundry on-site.
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LAR3
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Detached Carport, Uncovered
Total Parking Spaces 12
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5084027014
Security Features Security Gate
Special Listing Condition Standard
Listed by Bryan Glenn Kidder Mathews of California, Inc.