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$1,680,000
Est. payment /mo
24 Beds
12 Baths
10,306 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,306 sqft
Price per Sqft $163
MLS Listing ID 25622787
Bedrooms 24
HOA Y/N No
Year Built 1962
Property Description
The subject property is a 12-unit multifamily apartment complex located in South Central Los Angeles on Western Avenue between Gage and Florence Avenues. The building encompasses approximately 10,306 square feet and is comprised of (11) two-bedroom, one-bathroom units and (1) three-bedroom apartment. Constructed in 1962, the asset sits on a 9,097-square-foot corner lot. The property exhibits noticeable deferred maintenance, and current rents remain well below market averages. The building's scheduled monthly income is $17,316, including a projected rent of $1,995 for the vacant unit. This offering is well-suited for value-add investors seeking an opportunity to implement strategic renovations, pursue cash-for-keys agreements where appropriate, and reposition the units at market rent levels upon turnover.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAC2
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Attached Carport
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6015005029
Special Listing Condition Standard
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Listed by Jerome McAlpin McAlpin & Company
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