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$2,250,000
Est. payment /mo
12 Beds
8 Baths
7,003 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26087675
Bedrooms 12
Lot Size 7,003 Sqft
Lot Dimensions 140x50
Property Sub-Type Res Income 2-4 Units
Property Description
NEW PRICE $2,250,000! Excellent opportunity to acquire a 2017-built, non-rent-controlled fourplex in the high-demand Mid-City submarket of Los Angeles. The property offers newer construction, strong in-place rental income, separately metered utilities, and a spacious unit mix, providing an attractive investment opportunity at a newly reduced price point. The property features an attractive unit mix consisting of two 3-bedroom, 2-bath units, one 4-bedroom, 2-bath unit, and one 2-bedroom, 2-bath unit. Spacious floor plans range from approximately 1,000 to 1,400 square feet, totaling approximately 5,263 SF on a 7,000 SF lot. Each unit features: -In-unit washer/dryer -Stainless steel appliances -HVAC -Open floor plans with large bedrooms -Separate utility metering At approximately $428/SF, the new price provides investors with a competitive basis relative to replacement cost, while offering the benefits of an existing income-producing asset without the risks and timelines associated with new development. The property is surrounded by ongoing development and is positioned near notable comparable sales, supporting the area's continued investment and rental demand. Ideally located in Mid-City, the property offers convenient access to major employment centers, retail, dining, entertainment, and some of Los Angeles' most sought-after destinations, including the Arts District, Helms Bakery District, Cumulus, Culver City, Miracle Mile, The Grove, West Hollywood, Beverly Hills, Century City, the Westside, and Downtown Los Angeles. Nearby employers and institutions include Apple, Amazo
Location
State CA
County Los Angeles
Zoning Public Rec
Direction I-10 W. Take exit 9 from I-10 W, Take exit 9 toward Crenshaw Blvd, Continue on S Crenshaw Blvd. Take W Washington Blvd to Saturn
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5067009052
Acceptable Financing Cash, Conventional, Exchange, FHA
Listing Terms Cash, Conventional, Exchange, FHA
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Listed by Azucena Carrillo, DRE#02036492 Circle Real Estate
Nearby School & Business
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