Great architecture on sale! 11-unit courtyard property about a mile from LA Live, Ritz Carlton, Convention Center and the Crypto Arena. This classic Spanish Colonial style building showcases timeless architectural appeal, featuring a striking symmetrical facade, red clay tile roof, arched entryway, and a beautifully landscaped central… Read More courtyard that creates a welcoming and private setting for residents. The property offers a well-balanced unit mix with strong in-place income and enormous upside in rents. Investors will appreciate the consistent rental demand driven by the property's central location, just minutes from Downtown Los Angeles, Koreatown, USC, and major employment hubs. Each unit benefits from abundant natural light, functional layouts, and the charm of period details that continue to attract long-term tenants. The gated courtyard design enhances both privacy and security, while the lush landscaping adds to the overall curb appeal and tenant experience. Priced at 11.7 GRM and 4.25 CAP Rate, this has both immediate cash flow and incredible upside in the future. Could benefit from SB1211 for new 8 ADUs Read Less
Property listed by Keller Williams Beverly Hills, Lee Ziff 310-432-6400
Listing Snapshot
Days Online
2
Last Updated
Beds
10
Square Ft.
12,306
Lot Size
0.32 Acres
Year Built
1923
MLS Number
26759433
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1923, Living area: 12306.0, 1 building, 2 stories, Levels: One
Cooling
None
Heating
WallFurnace
Income
Gross Income: $14,214, Net Operating Income: $85,046
Lot
0.3215 acres
Parking
6 total parking spaces, Garage
Taxes
Parcel Number: 5076012009
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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