$788,000
Great cashflow or development opportunity in vibrant, high rental demand area. Zoned R1.5, TOC Tier 3 with significant density bonuses and reduced parking requirements. Close to public transportation, and the famous El Salvador Corridor with its many restaurants, shops and houses of worship. Fully occupied with long term tenants. Low maintenance-- separately metered utilities, including trash. Owner pays water only. 6.1% Cap rate. Charming Queen Anne revival architecture. Lots of upside. Convenient to West Adams, USC and Downtown. Drive by only, offer subject to interior inspection.
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Listed by Susan Yee with Coldwell Banker Realty (818) 788-5400
Property Type
Mixed Use
Status
Active
MLS Number
SR25246068
Year Built
1961
Lot Size
6,368 sq ft