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$760,000
Est. payment /mo
3,564 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,564 sqft
Price per Sqft $213
MLS Listing ID CL26858573
HOA Y/N No
Year Built 1927
Lot Size 6,535 Sqft
Acres 0.15
Property Sub-Type Other
Property Description
Check out this new six-unit listing in South Los Angeles. The complex is located west of the Harbor (110) freeway between Florence and Gage Avenues. The property consists of all 1-bedroom apartments, contained in three duplexes, that rent for between $859 and $1,200 per month. The total monthly income is $6,107 and the annual gross is $73,284. The rents are well below market for the area, so that presents plenty of upside potential for a new, aggressive operator. Listed at only $126,666 per unit, this is a great value play for a long-term or beginner investor. Rents should nearly double upon turnover because tenants seek and appreciate this style of apartment living. The structures were built in 1927 and contain a total of 3,564 square feet; that's almost 600 square feet per unit! They are situated on a 6,535 square foot lot which is zoned LAR1.5. This is another great deal that will not last. Call or email for more details. Please do not walk onto property or disturb tenants. Showings with accepted offers only.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
View Y/N false
View None
Building
Water Other
New Construction No
Others
Tax ID 6013012025
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Listed by Jerome McAlpin • McAlpin & Company
NEARBY SCHOOL & BUSINESS
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