An exceptional opportunity for investors or 1031 exchange buyers, this beautifully updated four-unit property offers both stability and long-term value in one of Los Angeles' most desirable neighborhoods. Each of the four spacious 2-bedroom, 1-bath units has been thoughtfully renovated with stylish kitchens, modern bathrooms, and updated finishes, all while… Read More preserving the building's original charm. Major improvements include all new copper plumbing, a newly installed sewer line, and a fully redone electrical system, minimizing future maintenance and offering peace of mind. With all units tenant-occupied, the property delivers immediate income in a consistently strong rental market. Perfectly positioned near Pan Pacific Park, The Grove, the Original Farmers Market, and countless shops, cafes, and restaurants, this turnkey property combines steady returns with unbeatable walkability. A turnkey, income-producing investment in one of LA's most vibrant and desirable neighborhoods. Read Less
Property listed by Coldwell Banker Realty, Leah Brenner 323-464-9272
Listing Snapshot
Days Online
34
Last Updated
Property Type
Other
Beds
8
Square Ft.
5,584
Lot Size
0.15 Acres
Year Built
1928
MLS Number
25580043
30 Days Snapshot Of 90036
$2.39M
+23%
(avg) sold price
7
+75%
homes sold
95
+82%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher, Refrigerator, Dryer, Washer
Building
Built in 1928, Building area total: 5,584, Levels: One, Living area: 5584, 1 story, 1 building, Architectural style: Spanish
Cooling
WallWindowUnits
Garage
5 spaces
Heating
Central
Income
Gross income: $153,120, Net operating income: $144,588
Lot
0.1493 acres, 6,503 square feet, Size: 6,503
Parking
5 totals parking
Property
Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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