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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$2,000,000

Est. payment - /mo

0.45 Acres Lot

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Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26186531

HOA Y/N No

Year Built 1924

Lot Size 0.451 Acres

Property Sub-Type Apartment

Property Description

Prime value-add investment opportunity just 1.5 miles from SoFi Stadium: 9 total units (4 duplexes plus a separate house) on a large 19,653 sqft lot, priced at a 14.68 GRM with an estimated 45% upside in rental income. The back house was built in 1924 and the 4 duplexes were built between 1955 and 1960. 2 of 9 units are already remodeled with some remaining units featuring upgraded flooring and/or kitchen cabinets. Full electrical system replacement completed in 2024. The lot offers 8 enclosed carport spaces plus a separate oversized garage, ideal for ample parking or a potential ADU opportunity (buyer to verify with city). All units include in-unit washer/dryer hookups. A strong candidate for value-add investors or 1031 exchange buyers near one of LA's fastest-growing entertainment corridors.

Location

State CA

County Los Angeles

Area 105 - Lennox

Interior

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Garage Spaces 9.0

Garage Description 9.0

Pool None

Community Features Sidewalks

Total Parking Spaces 9

Private Pool No

Building

Lot Description 6-10 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 4035007003

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard

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Listed by Kristen Mussenden Buckingham Investments, Inc 407-341-3254, DRE #02096276

NEARBY SCHOOL & BUSINESS

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