** ONE VACANT UNIT & TWO VACANT GARAGES** 5748 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. Located south of Manchester Ave and west of the 405 freeway, the property is in a rapidly evolving pocket of Westchester, where new development continues to enhance the neighborhood’s appeal.The building includes two 1-bed/1-bath units, one of which has been remodeled and is VACANT, along with a 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 7.41% cap rate, making it an attractive value-add investment.This pocket is experiencing significant growth, with multiple new developments in progressincluding 16-unit projects at 8833 S Ramsgate Ave and 8900-8904 Ramsgate Ave, along with several others in the surrounding area. This would be perfect for an owner occupant or an investor looking to add value.
Property Details
Price:
$1,295,000
MLS #:
25492937
Status:
Active
Baths:
0
Address:
5748 Morley Street
Type:
Residential Income
Neighborhood:
c29westchester
City:
Los Angeles
Listed Date:
Feb 3, 2025
State:
CA
ZIP:
90045
Lot Size:
6,866 sqft / 0.16 acres (approx)
Year Built:
1950
See this Listing
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Schools
Interior
Appliances
Refrigerator
Exterior
Parking Features
Carport, Garage – Three Door
Parking Spots
6.00
Financial
Map
Community
- Address5748 Morley Street Los Angeles CA
- AreaC29 – Westchester
- CityLos Angeles
- CountyLos Angeles
- Zip Code90045
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5748 Morley Street
Los Angeles, CA
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