Located in the heart of vibrant and fast-growing Elysian Valley, this custom-built six-unit property offers strong current income and significant upside potential. Built in 1982 and measuring a spacious 4,640 SF, the property is exempt from Los Angeles' rent stabilization ordinance and has been professionally managed and well maintained. The… Read More front two-story townhouse-style unit features 2 bedrooms and 2.5 baths and is ideal for an owner-user. Behind it are five additional units: four 1 bedroom apartments (one currently vacant) and one single. Several units have been updated with modern kitchens, bathrooms, and flooring, while others have been partially improved, offering the opportunity for further value-add. The front unit and one of the rear one-bedrooms feature vaulted ceilings, enhancing natural light and creating a more spacious, open feel. Ideally situated next to the LA River bike path, the property offers tenants convenient access to cafes, restaurants, and green spaces. The Elysian Valley Recreation Center is just steps away, adding further neighborhood appeal.The property currently generates approximately $10,508 per month, with a projected market rental potential of up to $13,800 per month when all units are at market rent. This is a rare opportunity to acquire a stabilized asset in one of Los Angeles' most desirable and trend-forward rental submarkets. Read Less
Courtesy of Real Broker 619-663-8680
Listing Snapshot
Days Online
23
Last Updated
Property Type
Other
Beds
6
Square Ft.
4,640
Lot Size
0.14 Acres
Year Built
1982
MLS Number
25562927
30 Days Snapshot Of 90039
$1.69M
0%
(avg) sold price
8
-11%
homes sold
66
+43%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
4,640 sq ft, Built in 1982, Levels: Two, Attached, Contemporary
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