$1,075,000
Value-add 8-unit multifamily investment opportunity in South Los Angeles. The property consists of one two-story building with eight 2-bedroom / 1-bath units, offering a clean and highly rentable unit mix. Built in 1957, the asset features approximately 4,560 rentable square feet on a 5,510 square foot lot with on-site parking. The property delivers strong in-place income with current operations at a 5.23% cap rate and 10.45 GRM, while providing clear upside through renovation, improved management, and rental increases toward market levels. All units are separately metered for gas and electricity with one master water meter, allowing for efficient expense control. This is a straightforward, low-basis acquisition with day-one cash flow and significant long-term value-add potential in a dense rental submarket.
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Listed by Alexandro Colombo with Keller Williams Coastal Prop. (562) 961-1400
Property Type
Mixed Use
Status
Active
MLS Number
PW26068180
Year Built
1957
Lot Size
5,510 sq ft