$1,195,000
Excellent income property opportunity in a prime location close to Downtown Los Angeles. The property features a front four-plex and a separate single-family residence in the rear, all situated on one lot.The front building consists of four spacious 1-bedroom, 1-bath units, each offering large layouts. The rear unit is a single-family home with 3 bedrooms and 1 bathroom and its own private backyard, providing additional privacy and living space.One unit can be delivered vacant, creating an excellent opportunity for an owner-occupant or for rental upside.The property is well maintained and currently generates $8,311 per month ($99,732 annually) with a gross rent multiplier (GRM) of 11.9.Conveniently located near Downtown Los Angeles, major freeways, shopping, restaurants, and employment centers. Excellent opportunity for both investors and owner-users.
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Listed by Eliza Kerndian with Keller Williams Beverly Hills (310) 432-6400
Property Type
Residential Income
Status
Active
MLS Number
26660809
Year Built
1927
Lot Size
5,828 sq ft