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Listed by XIAO TU • Pinnacle Real Estate Group
$ 998,000
Est. payment | /mo
2,194 SqFt
$ 998,000
Est. payment | /mo
2,194 SqFt
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 2,194 sqft
Price per Sqft $454
MLS Listing ID WS-24116816
Style Bungalow
Year Built 1926
Lot Size 6,930 Sqft
Property Sub-Type Apartment
Property Description
Pinnacle Real Estate Group is pleased to present a 5-unit investment property with substantial value-add potential. Location! Location! Location! Perfectly situated in the vibrant heart of South Los Angeles, near Exposition Park and rapidly developing city of Inglewood. This 5 unit apartments perfect for either an investor or a first time home buyer who wants to live in one unit and rent the others out. This property comprises Four 1Bedroom/1Bath and one two-bedroom unit. Upon stabilizing at market rent levels, this asset can achieve a High CAP Rate . The building is 2194 square feet and sits on a 6930square-foot lot. This property is an exceptional investment opportunity. The major attractions such as SoFi Stadium, Kia Forum, and Exposition Park, and close to employment hubs like Los Angeles International Airport and West LA, it appeals to a diverse range of renters. Benefitting from convenient access to key freeways including I-10, I-110, US-101, and I-5, as well as public transportation options, the property offers seamless connectivity across Los Angeles.
Location
State CA
County Los Angeles
Area Metropolitan South
Zoning LARD2
Interior
Fireplaces Type None
Laundry None
Exterior
Parking Features Street, Assigned
Garage Spaces 1.0
Pool None
Community Features Street Lights
View Y/N Yes
View City Lights
Building
Lot Description 36-40 Units/Acre
Sewer Public Sewer
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Darren Humphrey
REALTOR®/ Shareholder | Lic# DRE 01724424