3403 Stocker, Los Angeles, California 90008

$1,200,000

Bedrooms

0

Bathrooms

0

Square Feet

0 sqft

City

Los Angeles

Status

Active

SHORT SALE – SUBJECT TO LENDER APPROVAL 3403 Stocker Street presents a compelling value-add multifamily opportunity in the desirable Leimert Park submarket of Los Angeles, ideally positioned between West Adams and South Los Angeles. Situated on a 6,236 square foot lot, the property consists of approximately 4,806 rentable square feet across four units. The property sold in November 2024 for $1,750,000 - current ownership is selling at a loss. The asset has benefited from recent capital improvements, including a new roof, sewer line upgrades, foundation work, and copper re-piping - providing a strong base for an investor to complete the remaining renovations. The property is comprised of four 2-bedroom / 1-bathroom units, with the potential to convert units into 2-bedroom / 2-bathroom layouts (buyer to verify). Three units are currently in shell condition, offering immediate renovation upside. Ownership has already completed partial electrical upgrades, including rewiring in two units and near-complete panel replacements. 3403 Stocker Street offers investors a rare opportunity to acquire a repositioning asset in a supply-constrained rental market with strong underlying demand. By completing renovations and optimizing operations, a new owner can unlock significant rental upside and long-term value in one of Los Angeles’ most steadily appreciating neighborhoods.