This is a rare stabilized investment opportunity in the heart of Pico-Robertson featuring 8 townhouse-style 2-bedroom, 2.5-bath units across 8,400 SF. The property offers strong in-place cash flow with a 5.78% CAP rate, low vacancy, and professional management in place. Six of eight units have been recently remodeled with modern… Read More finishes, while updated plumbing, electrical systems, and separately metered utilities help minimize operating expenses. Built in 1989, the property is not subject to Los Angeles soft-story seismic retrofit requirements, saving future owners from costly and disruptive construction projects. Additional highlights include ample covered parking in a gated garage and 12 private balconies providing desirable outdoor living space. Located near major employment hubs, the property benefits from strong tenant demand, long-term rent growth potential, and favorable rent regulations under AB1482. Read Less
Courtesy of Marcus & Millichap 818-212-2700
Listing Snapshot
Days Online
2
Last Updated
Property Type
Other
Beds
16
Square Ft.
8,400
Lot Size
0.15 Acres
Year Built
1989
MLS Number
26660565
30 Days Snapshot Of 90035
$1.82M
-4%
(avg) sold price
3
0%
homes sold
37
-67%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Dishwasher
Building
8,400 sq ft, Built in 1989, Levels: Two
Cooling
Central
Disclosures
None
Garage
Gated
Heating
Central
Laundry
In Unit
Lot
LotAcreage: 0.1493, LotSizeArea: 6,502
Parking
TotalParking: 10
Property
NumberOfUnits: 8, Zoning: LAR3
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