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Listed by Joseph Lotfy • Berkshire Hathaway HomeService
$3,950,000
Est. payment /mo
13,222 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 13,222 sqft
Price per Sqft $298
MLS Listing ID CROC25157347
HOA Y/N No
Year Built 1954
Lot Size 0.928 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
This rare offering includes two contiguous parcels totaling approximately 40,425 square feet and a combined 13 units—6 units on one parcel and 7 units on the other. Each unit is a single-level, cottage-style residence, and the property includes multiple garages and ample surface parking. The investment currently delivers a 6.25% cap rate, with mostly month-to-month tenants in place, offering flexibility for future improvements or repositioning. There is signicant value-add potential: an investor could increase rents, add accessory dwelling units, or pursue a complete redevelopment (buyer to verify all options with the city). Located in an area already experiencing new construction, including a recently completed apartment building nearby, this property is well-positioned for long-term upside. Whether your strategy is to hold for income, enhance existing operations, or pursue higher density, this is a versatile asset with plenty of possibilities. Located steps away from the vibrant Atlantic avenues eateries and shopping centers. Enjoy the iconic Watts Towers and Augustus Hawkins National Park just 15 minutes away, or explore Plaza Mexico's cultural delight in Lynwood, a 10-minute drive. The Festival Carnaval Primavera in Downey adds nearby family fun.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Inside
Exterior
View None
Building
Lot Description Level, Other
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613