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Key Details
Sold Price $660,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,780 sqft
Price per Sqft $237
MLS Listing ID 25510019
Sold Date 05/16/25
Bedrooms 6
HOA Y/N No
Year Built 1901
Lot Size 8,006 Sqft
Property Description
Excellent Investment Opportunity Priced to Sell! Don't miss this rare chance to own a high-performing income property near the heart of Downtown Los Angeles. This legal duplex, currently operating with six rental units, delivers consistent cash flow and strong rental demand. Sitting on a generous 8,007 sq. ft. RD1.5-zoned lot, the property also offers attractive future development potential. Additional highlights include ample parking for up to 10 vehicles with convenient alley access. Located in a high-demand rental market, this is a prime opportunity for savvy investors seeking immediate income and long-term upside. Serious buyers-only property is priced to sell and won't last, current 7.16 Cap rate and 8.81 GRM!
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD1.5
Interior
Heating None
Cooling None
Flooring Carpet, Laminate
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features Direct Access, Garage
Pool None
Community Features Gated
View Y/N No
View None
Roof Type Shingle
Total Parking Spaces 10
Private Pool No
Building
Story 2
Entry Level Two
Sewer Other
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5135011017
Security Features Gated Community
Special Listing Condition Notice Of Default
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Bought with Vinnie Park • Keller Williams Larchmont
Lakeshia's passion for real estate and her love for California are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in California.
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