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$ 3,985,000
Est. payment | /mo
6,250 Sqft Lot
$ 3,985,000
Est. payment | /mo
6,250 Sqft Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25079856
HOA Y/N No
Year Built 1925
Lot Size 6,250 Sqft
Property Sub-Type Apartment
Property Description
This 23-unit 1920's building in South LA consists of three 1-bedrooms and 20-studios. Built in 1925 and newly renovated with Certificate of Occupancy in 2024, this property is fully occupied. Three new units were added to the existing floorplan and 16 units were separately metered for electricity. This building is priced to sell at a 7.0% cap rate on current income with the potential for 13.3% more rental upside.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD1.5
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Urban
Private Pool No
Building
Lot Description Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5128009006
Energy Description 6000.0
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Listed by Logan Altman • Altman Apartments LLC • 310-903-0222
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Monique H. Ott-Beacham
Broker | License ID: DRE #01448692
Broker License ID: DRE #01448692