UPDATED:
Key Details
Sold Price $1,890,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR25038742
Sold Date 06/04/25
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1959
Lot Size 0.308 Acres
Property Sub-Type Apartment
Property Description
Introducing, for the first time on market in over 20 years, the opportunity to purchase this investment opportunity consists of 8 one bedroom + one bath units and 4 two bedroom + one bath units. Ten of the units are section 8. Tenants enjoy onsite laundry and parking for each unit and a close proximity to the 110 and 105 freeways as well as the metro A and C lines. The economics of the offering show immediate returns at the current income level. However, with market rents continuing in an upward trend, an aggressive management approach may realize a significant upside in rental income over the holding period. South Los Angeles is one of the most resilient markets in the region with historically low vacancy rates and consistent rent growth over the same period.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LCR320U*
Interior
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features Carport
Pool None
Community Features Curbs, Gutter(s), Street Lights, Sidewalks
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Construction Status Updated/Remodeled
Others
Senior Community No
Tax ID 6060014024
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Private
Special Listing Condition Standard
Bought with General NONMEMBER • NONMEMBER MRML