Offered at approximately $185 per square foot, far below today's replacement cost, this multifamily asset presents a rare opportunity to acquire in the Los Angeles market with a built-in value cushion while still benefiting from meaningful upside. The property features a well-balanced unit mix of two spacious 2-bedroom/2-bath units and… Read More four 1-bedroom/1-bath units, appealing to a broad tenant base ranging from small families and roommates to young professionals, supporting both strong retention and consistent demand. Situated on a large corner lot, the asset is comprised of two separate structures, creating a low-density, open layout with abundant natural light, improved airflow, and enhanced curb appeal. One structure includes townhouse-style units, further elevating tenant appeal for those seeking a more private, residential feel. Each unit enjoys its own private exterior entrance, reinforcing the property's home-like atmosphere, while six individual garages at the rear provide highly sought-after secure parking. Operational efficiency is enhanced by separately metered utilities, allowing tenants to cover their own usage and reducing expenses for ownership. With approximately 22% rental upside, investors have a clear path to increase income through strategic renovations, modernized interiors, and improved curb appeal. Complementing these fundamentals, the property showcases classic vintage architecture, including a pitched roof and raised foundation, offering timeless character that can be thoughtfully preserved while upgrading to meet today's rental expectations. Read Less
Courtesy of Marcus & Millichap 818-212-2700
Listing Snapshot
Days Online
11
Last Updated
Property Type
Other
Beds
8
Square Ft.
7,985
Lot Size
0.2 Acres
Year Built
1929
MLS Number
26665803
30 Days Snapshot Of 90004
$2.69M
+26%
(avg) sold price
6
+20%
homes sold
61
-56%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
7,985 sq ft, Built in 1929, Levels: Two
Cooling
Wall/Window
Disclosures
None
Garage
Garage Is Detached
Heating
Wall
Lot
LotAcreage: 0.2016, LotSizeArea: 8,780
Parking
TotalParking: 6
Property
NumberOfUnits: 6, Zoning: LAR3
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