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The Warburton Team Brokered By EXp

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

$749,900

Est. payment - /mo

0.28 Acres Lot

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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID IG26227356

HOA Y/N No

Year Built 1923

Lot Size 0.276 Acres

Property Sub-Type Apartment

Property Description

INVESTOR SPECIAL / VALUE-ADD MULTIFAMILY OPPORTUNITY! Incredible investment potential located in the Florence-Firestone area, just blocks from Huntington Park. This 6-unit property offers massive upside with an estimated After Repair Value (ARV) exceeding three times the current price. The unit mix consists of six (6) 1-Bedroom / 1-Bathroom units situated on an expansive 12,030 sq. ft. lot (over 1/4 acre) zoned LCR2YY. Building size is approximately 3,264 sq. ft.

Five (5) units are currently occupied generating immediate rental income, while one (1) unit is vacant, offering an ideal opportunity for owner-occupancy ("house hacking") or immediate renovation to capture top market rents. Each unit features separate gas and electric meters. Owner currently pays water, with tenant overage reimbursement terms in place. Prime candidate for a heavy value-add renovation, capital appreciation, and long-term portfolio growth. Buyers to verify all listing info, zoning, permits, and potential development rules with LA County. Do not disturb tenants.

Location

State CA

County Los Angeles

Area 122 - Harbor Gateway

Interior

Heating Baseboard

Cooling None

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Parking Features Carport, Detached Carport, Driveway

Garage Spaces 3.0

Garage Description 3.0

Pool None

Community Features Sidewalks

Total Parking Spaces 3

Private Pool No

Building

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Special Listing Condition Standard

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Listed by Ulises Vega Keller Williams Realty 909-471-6483, DRE #01757104

NEARBY SCHOOL & BUSINESS

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