Property Detail

Description

Investor opportunity in the heart of El Sereno! This four-unit multifamily property features four spacious 2-bedroom, 1-bath units totaling approximately 3,092 sq ft on a 5,048 sq ft lot. Built in 1964 and located near Cal State LA, Downtown LA, and the LA Bioscience Corridor, this value-add asset offers significant upside. Three units are tenant-occupied at $940/month (month-to-month), and one unit is currently vacant. Projected market rents are $1,800+/mo per unit. Property includes gated parking for 4 vehicles (carport), separate electric meters, and low owner-paid expenses. Cosmetic improvements could quickly increase income. Zoned LARD1.5 and subject to LA Rent Stabilization Ordinance (RSO). Do not disturb tenants. Do not disturb tenants. Drive by only. Vacant unit can be shown ONLY WITH SUBMITTED OFFER.