5,967 Sqft Lot
5,967 Sqft Lot
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26085337
HOA Y/N No
Year Built 1919
Lot Size 5,967 Sqft
Property Sub-Type Mixed Use
Property Description
acquire a mixed-use investment property in South Los
Angeles. The asset consists of eight total units, including
(5) one-bedroom/one-bath residential units and (3)
ground-floor commercial spaces, offering a diverse
income stream.
Priced at $128,125 per unit and $159 per square foot, the
property provides an attractive basis for investors. The
property is currently operating at a 6.21% cap rate and
8.56 GRM, with approximately 40% rental upside,
presenting a strong opportunity to increase cash flow
through rent adjustments and operational
improvements.
The property is located along the active Florence Avenue
corridor in South Los Angeles, offering convenient access
to Downtown Los Angeles, University of Southern
California, and major transportation routes including
Interstate 110 and Interstate 105, connecting tenants to
employment centers and amenities throughout the city.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Fireplace No
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Suburban, Sidewalks, Urban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6012013049
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Special Listing Condition Standard
Nearby Locations
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License ID: 01964485