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Listed by Gary Wat • Keller Williams Realty
$ 900,000
Est. payment | /mo
5,048 Sqft Lot
$ 900,000
Est. payment | /mo
5,048 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CROC25177809
Year Built 1964
Lot Size 5,048 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
Investor opportunity in the heart of El Sereno! This four-unit multifamily property features four spacious 2-bedroom, 1-bath units totaling approximately 3,092 sq ft on a 5,048 sq ft lot. Built in 1964 and located near Cal State LA, Downtown LA, and the LA Bioscience Corridor, this value-add asset offers significant upside. Three units are tenant-occupied at $940/month (month-to-month), and one unit is currently vacant. Projected market rents are $1,800+/mo per unit. Property includes gated parking for 4 vehicles (carport), separate electric meters, and low owner-paid expenses. Cosmetic improvements could quickly increase income. Zoned LARD1.5 and subject to LA Rent Stabilization Ordinance (RSO). Do not disturb tenants. Do not disturb tenants. Drive by only. Vacant unit can be shown ONLY WITH SUBMITTED OFFER.
Location
State CA
County Los Angeles
Area 621 - El Sereno
Interior
Cooling None
Laundry None
Exterior
Parking Features Gate / Door Opener
Garage Spaces 4.0
Pool None
View Local/Neighborhood
Roof Type Shingle,Composition
Building
Foundation Raised
Water District - Public
Others
Tax ID 5216027014
Special Listing Condition Not Applicable
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Dave Lucas
REALTOR® | Lic# 02092197