Positioned in the heart of Historic Filipinotown within Los Angeles, and moments from the energy of Silver Lake and Echo Park, this exceptional 3-unit multifamily asset delivers a rare combination of immediate upside, strong yield, and long-term appreciation. The property features an excellent unit mix consisting of one 5-bedroom unit,… Read More one 4-bedroom unit, and one 3-bedroom unit, offering oversized layouts that are highly sought after by today's urban renters. Two of the three units are delivered vacant, allowing investors to immediately capture full market rents and execute their business plan without delay. Tenants are responsible for all utilities, keeping operating expenses lean and maximizing net income. On a proforma basis (after lease-up of the vacant units), the property operates at an approximate 7.86% cap rate and 9.13 GRM, generating strong positive cash flow. An on-site storage structure presents potential ADU conversion upside, subject to buyer verification with the city and buyer's own professionals, adding an additional value-add component for future growth. -- The property is situated within an R3 zoning designation, which may allow for by-right development of up to approximately 8 residential units, with additional density potential under the City of Los Angeles ED1 program, potentially supporting 20+ units, subject entirely to buyer verification. -- Located near major employment hubs, dining, nightlife, transit corridors, and cultural landmarks, this asset benefits from consistent rental demand in one of Los Angeles' most dynamic and supply-constrained submarkets. Full Offering Memorandum & Property Package available upon request. DO NOT DISTURB OCCUPANTS. Tours of vacant units available by appointment; full interior access subject to accepted offer. DISCLAIMER: Cash flow, net income, and returns may vary based on interest rates, loan terms, and down payment. Buyer to complete full due diligence and come to their own conclusions. Read Less
Courtesy of Trimax Realty, Inc. 310-954-0808
Listing Snapshot
Days Online
11
Last Updated
Property Type
Other
Beds
11
Square Ft.
3,935
Lot Size
0.16 Acres
Year Built
1905
MLS Number
26643357
30 Days Snapshot Of 90026
$1.47M
-9%
(avg) sold price
7
+75%
homes sold
93
-11%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
3,935 sq ft, Built in 1905, Levels: One, Attached, Unknown
Cooling
Window Unit(s)
Disclosures
As Is
Exterior Features
None
Fireplaces
None
Garage
None
Water Features
Water: Public
Heating
Wall
Laundry
None
Lot
LotAcreage: 0.1568, LotSizeArea: 6,829
Miscellaneous
None
Parking
TotalParking: 0
Property
NumberOfUnits: 3, Zoning: LAR3
Roof
Composition, Shingle
Sewer
In Street
Utilities
Water Heater Unit, Other
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