Introducing a charming 5-unit property ideal for both investors and owner users. The property includes a beautifully remodeled modern 3-bedroom, 1-bathroom unit in the rear, perfect for larger families or those needing extra space. This unit would also be perfect for an owner-user looking to live in this unit and rent out the remaining units to pay off their loan and all expenses! The front building features four spacious 2-bedroom, 1-bathroom units, perfect for small families or professionals looking for comfortable living. Each of these units boasts an open floor plan, ample natural light, and modern amenities, making them inviting and functional. Two of these units have been recently renovated. There is tremendous 97% rental upside if you take advantage of converting the 5 garages in the rear to two ADU units and renovating the two remaining units! The property is conveniently located near USC, parks, and shopping centers, enhancing its appeal. With a strong rental history and potential for increased income, this property presents a fantastic investment opportunity. Don't miss your chance to own this versatile and lucrative asset!
Property Features
Bedrooms
Appliances
- Laundry Features: Individual Room
Bathrooms
Land Info
- Lot Description: 2-5 Units/Acre
- Lot Size Acres: 0.1564279
- Lot Size Source: Assessor
- Lot Size Square Feet: 6814
Garage and Parking
- Garage Spaces: 5
- Parking Total: 5
Multi-Unit Info
- Number of Units: 5
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Bedrooms in Unit-3: 2
- Bedrooms in Unit-4: 2
- Bedrooms in Unit-5: 3
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Total Bathrooms in Unit-3: 1
- Total Bathrooms in Unit-4: 1
- Total Bathrooms in Unit-5: 1
- Unit-1 Garage Spaces: 1
- Unit-2 Garage Spaces: 1
- Unit-3 Garage Spaces: 1
- Unit-4 Garage Spaces: 1
- Unit-5 Garage Spaces: 1
Homeowners Association
- Gardener Expense: 720.00
- Maintenance Expense: 3236.00
Rental Info
- Number of Units Leased: 4
- Rent Control: Yes
Amenities and Community Features
- Community Features: Curbs, Park, Sidewalks, Street Lights, Suburban
Other Property Info
- Source Listing Status: Active
- County: Los Angeles
- Source Property Type: Residential Income
- Insurance Expense: 6994.00
- Area: C42 - Downtown L.A.
- Source Neighborhood: C42 - Downtown L.A.
- Number of Separate Electric Meters: 5
- Number of Separate Gas Meters: 5
- Number of Separate Water Meters: 5
- Parcel Number: 5107019013
- Postal Code Plus 4: 4252
- Zoning: LAR2
- Source System Name: C2C
Commercial Info
- Net Operating Income: 92514.52
Building and Construction
- Total Square Feet Living: 4082
- Year Built: 1913
- Building Features: 2
- Common Walls: 1 Common Wall
- Entry Level: 1
- Entry Location: Front
- Property Age: 111
- Property Attached: Yes
- Building Total Stories: 2
- Structure Type: Commercial/Residential
- Year Built Source: Assessor
Utilities
- Electric Expense: 5583.00
- Sewer: Sewer: Public Sewer, Water Sewer Expense: 0.00
- Water Source: Public