Our Team is delighted to present an exceptional investment opportunity: a fully occupied, 8-unit apartment complex nestled in the historic Hyde Park neighborhood of Los Angeles. This property (2 buildings on 1 parcel) offers a harmonious blend of strategic location and significant growth potential, making it a prime asset for… Read More apartment investors. Prime Location with Unmatched Connectivity Situated within walking distance to the Fairview Heights K Line Metro Station. * No Soft-Story Retrofit Requirement as per LADBS record* Certificate of Occupancy for 8 units with 8 parking spaces * Property passed city inspection 10/24/2024 * windows replaced, facia replaced, stairs repaired * multi-generational ownership, long time holders * Approximately +- 50% upside in rents ! *Possible addition of 2 ADU's to boost income (buyer to verify with the city) *Expansive lot 11,418 Sq ft , TOC Tier 3 *Connect with us for more information on this prime long term investment opportunity . . . Read Less
Property listed by NAI Capital, Inc., Kevin Kawaoka 310-440-8500
Listing Snapshot
Days Online
43
Last Updated
Property Type
Other
Beds
14
Square Ft.
6,629
Lot Size
0.26 Acres
Year Built
1959
MLS Number
25512781
Additional Details
Building
Built in 1959, Building area total: 6,629, Levels: Two, Living area: 6629, 2 stories, 2 buildings
Community
Gated
Cooling
None
Heating
WallFurnace
Income
Gross income: $147,204, Net operating income: $89,212
Lot
0.2622 acres, 11,421 square feet, Size: 11,421
Parking
8 totals parking, DetachedCarport
Pool
Fenced
Property
Zoning: LAR3
Security Features
GatedCommunity
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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