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Listed by Jim Porter • Porter Heritage
$1,595,000
Est. payment /mo
6,240 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 6,240 sqft
Price per Sqft $255
MLS Listing ID CRSB25231210
HOA Y/N No
Year Built 1955
Lot Size 8,068 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
8-Unit Apartment Building | First Time on Market in 26 Years! Rare investment opportunity: two 4-unit buildings on one parcel. Each unit is 2 bed/1 bath. Huge upside in rents with a possible 10.3% market CAP and 7.7 market GRM! Upgrades include new roofs, new electrical panels, 68 new vinyl windows (2025), and freshly painted exterior. One remodeled unit is rent-ready. Most units feature updated vinyl/tile flooring. All units include gas range, water heater, and gas wall furnace. 1 covered carport space per unit. Shared courtyard. Many long-term tenants. Subject to City of Los Angeles Rent Control (RSO). Convenient location near freeways, shopping, and restaurants. Huge rental upside.
Location
State CA
County Los Angeles
Interior
Heating Natural Gas, Wall Furnace
Cooling None
Flooring Tile, Vinyl, Carpet, Wood
Fireplace No
Laundry Other, In Kitchen
Building
Lot Description Other, Back Yard
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