$1,517,000
$1,499,000
1.2%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
0.47 Acres Lot
SOLD DATE : 01/02/2026
Key Details
Sold Price $1,517,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR25239411
Bedrooms 8
Lot Size 0.474 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
Fully rented being offered at approximately a 6% cap with value add opportunity. 7-unit multi-family property featuring a 6-unit apartment building alongside a detached house, all set on a spacious lot with significant vacant land at the rear ideal for future development. This property has been a reliable long-term investment, with a new roof installed in late 2024 and recent retrofitting of the carport to meet updated earthquake safety codes. Currently, rents are below market value, presenting multiple avenues for growth. Investors can capitalize on opportunities to increase rental income, add additional units including AB 1211 ADUs, or explore redevelopment options.
Location
State CA
County Los Angeles
Zoning Assessor
Exterior
View Y/N No
Building
Story 2
Others
Acceptable Financing Cash, Conventional, Exchange, FHA, Seller May Carry, VA
Listing Terms Cash, Conventional, Exchange, FHA, Seller May Carry, VA
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Bought with Shenen Dequito Vida Home Investment Inc.