Amazing opportunity to acquire a well maintained four-unit building in South Los Angeles with significant upside in rents and additional value-add potential to add ADU’s (buyer to verify). All four units are bread-and-butter two-bed, one-bath units. With long-term below-market rents and nearly 50% in upside to market potential (accessible in event of vacancy), this property presents a tremendous opportunity to reposition the building into better cash-flow and equity almost right away. With proximity to draws such as SoFi Stadium, and central to economic hubs in Downtown Los Angeles, Silicon Beach, and the South Bay, with all of Southern California accessible via nearby 110, 405, and 105 freeways, this Property presents an in-demand location that will command increasing rents for the foreseeable future. Additionally, this two-story building leaves much of the 4,419sf lot to parking, which can potentially be repurposed pursuant to SB1211 to maximize the income potential for a greater return on investment.
Property Details
Price:
$975,000
MLS #:
25498713
Status:
Active
Baths:
0
Address:
233 W Century Boulevard
Type:
Residential Income
Neighborhood:
c37metropolitansouth
City:
Los Angeles
Listed Date:
Feb 14, 2025
State:
CA
ZIP:
90003
Lot Size:
4,419 sqft / 0.10 acres (approx)
Year Built:
1961
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
Side by Side, Uncovered, Assigned
Parking Spots
0.00
Financial
Map
Community
- Address233 W Century Boulevard Los Angeles CA
- AreaC37 – Metropolitan South
- CityLos Angeles
- CountyLos Angeles
- Zip Code90003
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233 W Century Boulevard
Los Angeles, CA
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