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TNG Real Estate Consultants

info@tngrealestate.com +1(714) 987-3310

$1,897,966

Est. payment - /mo

13 Beds

8 Baths

5,128 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,128 sqft

Price per Sqft $370

MLS Listing ID 26854377

Bedrooms 13

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1927

Lot Size 7,509 Sqft

Property Description

Value-add opportunity with three vacant units. Amazing investment opportunity in the heart of Historic Filipino Town (HiFi)! This fully renovated, turnkey 5-unit apartment complex offers an exceptional value-add opportunity with three vacant units ready for immediate lease-up at potential Section 8 rental rates. Projections are based on Section 8 voucher amounts and rents from two occupied units. Potential buyers to conduct their own rent estimates to arrive at their own opinion of value. The property features an attractive unit mix of two 2-bedroom/1-bath units, two 3-bedroom/1.5-bath units, and one spacious 3-bedroom/2-bath unit. Each residence is thoughtfully updated and includes a stove, refrigerator, dishwasher, and in-unit stackable washer and dryer, central air and heat, making it highly desirable for today's tenants. Ideally situated just minutes from Silver Lake, Echo Park, Downtown Los Angeles, MacArthur Park, Lafayette Park, and the vibrant Beverly Boulevard corridor, this location provides outstanding access to shopping, dining, entertainment, and employment centers. Commuters will appreciate the close proximity to the Metro B (Red) and D (Purple) Lines as well as convenient access to the 101 and 110 Freeways. The property also includes 10 on-site parking spaces, offering the potential to generate additional income through parking rentals. 5 covered garage spaces are able to fit a small car, or used as storage spaces. Another 5 uncovered spaces offer the potential to generate additional income through rentals. Whether you're completing a 1031 exchange, expanding your portfolio, or seeking a stabilized asset with immediate upside, this rare opportunity combines strong cash-flow potential, renovated improvements, and a prime central Los Angeles location. Investors won't want to miss this one!

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR3

Interior

Heating Central

Cooling Central Air

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Dishwasher, Disposal, Refrigerator, Dryer, Washer

Exterior

Parking Features Covered, Door-Single, Garage, Uncovered

Garage Spaces 10.0

Garage Description 10.0

Pool None

View Y/N No

View None

Total Parking Spaces 10

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5154014020

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Financing Cash,Conventional,FHA

Special Listing Condition Real Estate Owned

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Listed by Soraya Machado-Powell Vylla Home, Inc. #01108855

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TNG Real Estate Consultants

+1(714) 987-3310

Agent | License ID: 01886242

Agent License ID: 01886242

201 S Park View ST Los Angeles, CA 90057

TNG Real Estate Consultants

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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