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Listed by Jeff Brandolino • Brandolino Group
$1,499,000
Est. payment /mo
5,364 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,364 sqft
Price per Sqft $279
MLS Listing ID CRSR25239411
HOA Y/N No
Year Built 1918
Lot Size 0.474 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
Fully rented being offered at approximately a 6% cap with value add opportunity. 7-unit multi-family property featuring a 6-unit apartment building alongside a detached house, all set on a spacious lot with significant vacant land at the rear ideal for future development. This property has been a reliable long-term investment, with a new roof installed in late 2024 and recent retrofitting of the carport to meet updated earthquake safety codes. Currently, rents are below market value, presenting multiple avenues for growth. Investors can capitalize on opportunities to increase rental income, add additional units including AB 1211 ADUs, or explore redevelopment options.
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Fireplace No
Laundry See Remarks
Building
Lot Description Front Yard
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613