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$1,750,000
Est. payment /mo
6,629 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,629 sqft
Price per Sqft $263
MLS Listing ID CL25512781
HOA Y/N No
Year Built 1959
Lot Size 0.262 Acres
Acres 0.26
Property Sub-Type Other
Property Description
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 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 . . .
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Building
Water Public
New Construction No
Others
Tax ID 4006019010
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Listed by Kevin Kawaoka • NAI Capital, Inc.