Description
We are pleased to present the exceptional opportunity to acquire a fully occupied 5-unit multifamily property in the broadway-manchester neighborhood of south los angeles. built in 1960, this property features (1) 3bed/1 bathroom unit and (4) 2bed/1 bathroom units. together, they offer a total of 3,132 square feet of rentable space on a 6,596 square foot lot. security and convenience are paramount, with features such as separate metering for gas and electricity, gated controlled access, and an on-site parking lot with (7) spaces. with an average rent of $980 per unit, this opportunity provides an astute investor the potential to capture 113% upside in rental income as tenants move or relocate. strategically located just north of west century blvd and east of south broadway, the property enjoys seamless connectivity to the 110 and 105freeways, facilitating convenient access to all corners of greater los angeles. tenants are also within a short distance to multiple bus stops along main st. and colden ave.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
47875587
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Property Details
-
Interior Features
Bedroom Information
- Total Bedrooms : 11
Bathroom Information
- Total Baths: 5
- Full Baths: 0
- Half Baths: 0
Cooling Features
- None
- Air Conditioning
Heating Source
- Wall Furnace
- Has Heating
-
Exterior Features
Building Information
- Year Built: 1960
- Building Area Total: 3,132
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1515
- Lot Size Source: Vendor Enhanced
- Lot Size Square Feet: 6598
-
Listing Information
Listing Price Information
- Original List Price: 700,000
- Listing Contract Date: 2024-11-26
Lease Information
- Listing Agreement: Seller Reserved
-
Taxes / Assessments
Tax Information
- Parcel Number: 6053008017
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Unassigned,Uncovered
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Electricity,Gas
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: C37 - Metropolitan South
- Postal Code Plus 4: 4152
- Directions: Head south on South Broadway and turn left onto West Colden Avenue. The subject property is located in between South Broadway and South Main Street.
- Zoning: LAR2
- Source Property Type: Residential Income
- Area: C37 - Metropolitan South
Building and Construction
- Property Age: 64
- Year Built Source: Vendor Enhanced
- Total Square Feet Living: 3132
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 12/04/2024 @ 14:10
- MLS: 24467199
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 11 bedrooms which is for sale, it has 3,132 sqft, 6,598 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90003, this Los Angeles County Home are nearby neighborhoods.