Excellent West Los Angeles Investment Opportunity. Rare 7-unit apartment building located in one of West L.A.'s most desirable and still-affordable rental pockets. This well-maintained property features a mix of 5 spacious 1-bedroom/1-bath units, 1 large 2-bedroom/1-bath unit, and 1 3-bedroom/1-bath unit.High-demand rental location with strong tenant appeal and historically low… Read More vacancy. Current rents are substantially below market, presenting a savvy investor the opportunity to increase income by approximately 20-25%, enhancing both yield and long-term upside. Approximately $150.00 per month laundry income included. Expenses are from 2024. New roof 2021 and new electrical 2025. Soft story retrofit has been completed. Prime location near major employment centers, public transit, shopping, and dining. A value-add investment with excellent potential for appreciation and improved CAP rate. Expenses are estimated, please call Brokers for information. Read Less
Property listed by Miller & Desatnik Realty Co., Alan Wachman 310-202-9166
Listing Snapshot
Days Online
9
Last Updated
Property Type
Other
Beds
10
Square Ft.
5,499
Lot Size
0.15 Acres
Year Built
1965
MLS Number
25570753
30 Days Snapshot Of 90066
$2.38M
-5%
(avg) sold price
34
-12%
homes sold
49
-16%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1965, Building area total: 5,499, Levels: Two, Living area: 5499, 2 stories, 1 building
Cooling
None
Heating
WallFurnace
Income
Gross income: $138,516, Net operating income: $57,189
Lot
0.155 acres, 6,750 square feet, Size: 6,750
Parking
8 totals parking, AttachedCarport
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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