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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 PW26193701
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 spacious floor plans, 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 layouts range from approximately 1,000 to 1,400 square feet, with the 4-bedroom unit offering the largest living space. The property totals approximately 5,263 square feet on a 7,000-square-foot lot, providing scale and strong rental appeal. 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. Ideally located in the heart of 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, Amazon Studios, S
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 5067009053
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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