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$ 850,000
Est. payment | /mo
1 Bed
4 Baths
$ 850,000
Est. payment | /mo
1 Bed
4 Baths
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IG25141470
Bedrooms 1
Lot Dimensions 50'x130'
Property Sub-Type Res Income 2-4 Units
Property Description
South Los Angeles Investment Property. Located in the vibrant Congress Southeast neighborhood on the major Figueroa Street corridor, this 6-unit apartment building offers strong rental income potential with 5 studio units and one 1-bedroom, 1-bathroom unit. It has a strategic location with public transportation just steps away, including Broadway/104th bus service to Downtown LA and convenient access to the Green Metro Line to LAX. Downtown LA is only 15-20 minutes by car, making this building attractive to renters seeking central Los Angeles accessibility without downtown pricing. According to the owner, the 1B/1B unit has unpermitted internal demising walls making it 3 rooms with a bathroom and a kitchen. This unit is leased out short term with the average monthly net rent of $2,130 a month.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Take Figueroa north 4 blocks off Manchester Ave. The building is on your left between W 81st St. and W 82nd St.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 6032024006
Listed by JEFFREY GRAY CONROY COMMERCIAL INC.