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$ 875,000
Est. payment | /mo
6 Beds
6 Baths
2,976 SqFt
$ 875,000
Est. payment | /mo
6 Beds
6 Baths
2,976 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,976 sqft
Price per Sqft $294
MLS Listing ID 26641147
Bedrooms 6
HOA Y/N No
Year Built 1923
Lot Size 10,589 Sqft
Property Description
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 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.)
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Gated
Total Parking Spaces 6
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5101010004
Special Listing Condition Standard
Listed by Jerome McAlpin McAlpin & Company
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Dan Andrizzi
Broker-Associate | Lic# 01440387