** ONE VACANT UNIT & TWO VACANT GARAGES** 5746 Morley St is a 2,280-square-foot, 3-unit apartment building situated on a 6,864-square-foot LAR3 TOC Tier 3 lot, offering a great opportunity for investors or owner-occupants. The property is in a rapidly evolving pocket of Westchester, where new development continues to enhance the neighborhood’s appeal.The building includes two remodeled 1-bed/1-bath units, one of which is VACANT, along with a remodeled 2-bed/1-bath unit. Additionally, there are three garages, two of which are VACANT, offering potential for storage or conversion. With the passing of SB 1211, up to three ADUs can be added, creating an opportunity to increase rental income. Factoring in construction costs, the property is projected to operate at a 10.37% cap rate and a 7.68 GRM, making it an attractive value-add investment. This pocket is experiencing significant growth, with multiple new developments in progress (highly recommend driving by). This would be perfect for an owner occupant or an investor looking to add value.
Property Details
Price:
$995,000
MLS #:
25531009
Status:
Active
Baths:
0
Address:
5746 Morley St
Type:
Residential Income
Neighborhood:
c29westchester
City:
Los Angeles
Listed Date:
Apr 28, 2025
State:
CA
ZIP:
90045
Lot Size:
6,866 sqft / 0.16 acres (approx)
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Schools
Interior
Appliances
Refrigerator
Exterior
Parking Features
Garage – Three Door
Parking Spots
6.00
Stories Total
2
Financial
Map
Community
- Address5746 Morley St Los Angeles CA
- AreaC29 – Westchester
- CityLos Angeles
- CountyLos Angeles
- Zip Code90045
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5746 Morley St
Los Angeles, CA
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