Welcome to this charming Spanish architectural fourplex, just 3 blocks away from USC, Exposition Park, the New Lucas Museum, The Coliseum, and the BMO Stadium. This well-maintained building offers two lower and two upper, single-level homes with spacious living spaces and private laundry rooms. Each unit is a 1 bedroom… Read More and 1 bath and can easily be converted in a two bedroom/ 2bath unit because of how large the units are. Each unit receives plenty of natural light and fresh air with front and back entrances. There are limited common walls which add to the privacy and reduced noise transfer. Parking is never an issue. Each unit is separately metered for gas and electricity. This fourplex/five-unit building presents an exciting opportunity to increase rents and add value. With some updates already completed, there is room for further improvements to attract higher-paying tenants and maximize rental income. There is an unpermitted ADU fully remodeled 2 bedrooms/1 bath in the back that is detached from the building and brings in high rent. The neighborhood's popularity among students and its proximity to USC make this fourplex/five unit building an ideal investment. Additionally, there is potential for development, as the property is located in a burgeoning neighborhood with the possibility of acquiring neighboring properties for expansion. With the area experiencing growth and revitalization, developers and investors will find this property appealing. Take advantage of the increasing demand for housing by exploring options such as adding units, converting existing units into larger living spaces, or other development possibilities. This property offers flexibility and potential for those looking to capitalize on the growing market as this property is located a block away from USC and the new museum. This is prime real estate and will not last long on the market. 2 units will be delivered vacant. Read Less
Property listed by Chase Skye Realty Group, Yonnine Hawkins 323-252-1655
Listing Snapshot
Days Online
50
Last Updated
Property Type
Other
Beds
4
Square Ft.
2,776
Lot Size
0.16 Acres
Year Built
1914
MLS Number
24459999
30 Days Snapshot Of 90037
$773k
+6%
(avg) sold price
4
-42%
homes sold
97
-12%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Microwave, Dryer, Washer
Building
Built in 1914, Building area total: 2,776, Levels: Two, Living area: 2776, 2 stories, 1 building
Cooling
None
Expenses
Electric expense: $200, Gardener expense: $120, Insurance expense: $6,960, New taxes expense: $7,000, Water sewer expense: $300
Floors
Wood
Heating
ForcedAir
Income
Gross income: $7,500, Net operating income: $6,800
Lot
0.1557 acres, 6,782 square feet, Size: 6,782
Parking
Driveway
Property
Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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