Located in the heart of Los Angeles’s Southeast corridor, this solid-income multifamily building presents an excellent investment opportunity. Built in 1955, this two-story asset features a total of 4,954 sq ft of living area on a 6,758 sq ft lot.
Unit & Building Details
• 10 total bedrooms and 6 full bathrooms. 1 year old ROOF
• Structured as multiple units (6 inferred units) in a low-rise configuration.
• Off-street parking/garage capacity for approximately eight vehicles, providing tenant convenience and upside potential.
• Zoned LAC2 (multifamily residential), offering flexibility for multifamily use and potential value-add strategies
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• Investment Highlights
• Proven footprint: The large unit count and low per-unit square footage provide strong flexibility for tenant mix, re-tenanting, and income growth.
• Value-add potential: Given the scale of the building and number of units, there is potential to increase rents, optimize expenses, and improve cap rate through active management or refurbishment.
• Location merits: Situated in ZIP 90003, the property benefits from access to Los Angeles’s broad rental market, providing both demand and appreciation upside.
Neighborhood & Market Position
The property is located in a stable, urban residential neighborhood of Los Angeles where demand for rental housing remains strong. With this building’s characteristics—size, unit count, parking, zoning—it represents a rare offering in this submarket. Given your earlier numbers (purchase price $1.3 M, income ~$100.62 k/yr, expenses ~$32.94 k/yr), the current cap rate is approximately 5.21%, which aligns with solid returns in this market and given potential for growth.