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$1,995,000
Est. payment /mo
0.44 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25255204
HOA Y/N No
Year Built 1947
Lot Size 0.440 Acres
Property Sub-Type Multi Family
Property Description
Presenting a Corner Lot Los Angeles multifamily Bundle: Three Lots (THREE APNs), Eight Total Units, and outstanding future value. Two duplex properties feature separately metered units, shifting all utilities (water, trash, electricity, gas) to tenants— giving the owner near-ZERO Utility Expenses on those parcels. Each lot offers Bungalow-style homes, Retrofitted Garages, and Parking; the Quadplex provides classic LA living and an opportunity for creative repositioning.
Situated in active redevelopment corridors near major transit, employment, and city investments in affordable housing, these properties Total 6,318 SF of improvements on a spacious 19,166 SF Lot. At a bundled price of $1,995,000, the package trades at $104.09/ Lot SF, reflecting a projected 6.68% Cap Rate and 11.08 GRM when stabilized at market rents. With vacancies, remodeled units, and future potential, this deal is
a prime candidate for Cashflow, Value-Add, or Adaptive Reuse— offering flexibility for investors seeking both immediate returns and
future upside in a fast-evolving Los Angeles market.
Located near recent and planned affordable housing growth, increasing long-term demand and value. Build up to two detached Jr. ADUs on each duplex property; garage conversions are expedited and less restrictive per LA County's current ADU program and state-wide updates (SB 1211, SB 543, AB2097). LA's CHIP and ED-1 Ordinances may further accelerate and incentivize affordable or mixed-income redevelopment on these lots. *Buyer to verify eligibility*
Situated in active redevelopment corridors near major transit, employment, and city investments in affordable housing, these properties Total 6,318 SF of improvements on a spacious 19,166 SF Lot. At a bundled price of $1,995,000, the package trades at $104.09/ Lot SF, reflecting a projected 6.68% Cap Rate and 11.08 GRM when stabilized at market rents. With vacancies, remodeled units, and future potential, this deal is
a prime candidate for Cashflow, Value-Add, or Adaptive Reuse— offering flexibility for investors seeking both immediate returns and
future upside in a fast-evolving Los Angeles market.
Located near recent and planned affordable housing growth, increasing long-term demand and value. Build up to two detached Jr. ADUs on each duplex property; garage conversions are expedited and less restrictive per LA County's current ADU program and state-wide updates (SB 1211, SB 543, AB2097). LA's CHIP and ED-1 Ordinances may further accelerate and incentivize affordable or mixed-income redevelopment on these lots. *Buyer to verify eligibility*
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Fireplace No
Laundry See Remarks
Exterior
Carport Spaces 5
Utilities Available See Remarks
Total Parking Spaces 15
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Others
Tax ID 6069012024
Special Listing Condition Standard
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Listed by Cameron Samimi Lyon Stahl Investment Real Estate, Inc.
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