Welcome to this charming and well-maintained four-plex located in the highly sought-after historic Leimert Park neighborhood. ****Each of the four units features 1 bedroom and 1 bathroom with a generous living space of approximately 887 sq. ft. per unit. ******All units are currently tenant-occupied, offering immediate rental income. *******A major value-add opportunity awaits with RTI (Ready-To-Issue) permits in place for two additional 2-bedroom, 2-bath units, bringing the projected total to 6 units. *****The new units offer excellent potential for market-rate rents, making this a great option for investors looking to maximize ROI. *******Located on a beautiful tree-lined street, this property is ideal for an investor or owner-user seeking a foothold in a prime central Los Angeles location. ******Whether you're expanding your portfolio or purchasing your first income property, this is an opportunity you don't want to miss.
MLS# | 25516064 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1937 |
Days On Site | 35 |
Listing Provided By | NextHome Equity 310-686-5236 | Amrot "Yame" Gizaw-Tulu |
Bed(s) | 4 |
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Bath(s) | 4 |
SQ Feet | 3,550 |
Story(s) | 2 |
Units | 4 |
Building(s) | 1 |
Zoning | LAR3 |
Acreage | 0.13 |
State | CA |
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County | Los Angeles |
City | Los Angeles |
Zip Code | 90008 |
Area | PHHT Park Hills Heights |
Listing VS Median (in 90008) | |
Price: $1,350,000 low | high Med: $1,099,000 SqFt: 3,550 low | high Med: 1,670 $ / SqFt: $380 low | high Med: $658 On site: 35 low | high Med: 96.000000 |