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$1,400,000
Est. payment /mo
6,499 Sqft Lot
UPDATED:
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW26185548
HOA Y/N No
Year Built 1898
Lot Size 6,499 Sqft
Property Sub-Type Apartment
Property Description
Excellent multifamily investment opportunity in University Park, conveniently located near USC. This approximately 6,500 SF lot features a two-story, 4-unit multifamily property with ample rear parking and potential for additional upside. All units will be delivered vacant at close of escrow, providing an investor with flexibility to establish new tenancy and reposition the property.
The downstairs unit was originally configured as a 3-bedroom, 2-bathroom unit and has been divided into a 2-bedroom, 1-bathroom unit and an additional 1-bedroom, 1-bathroom unpermitted bonus space. Upstairs features a 1-bedroom, 1-bathroom unit, a large studio, and a smaller studio.
The spacious rear lot provides substantial off-street parking and potential for future development. Property is zoned LARD1.5. Buyer to verify with the City of Los Angeles regarding zoning, permits, existing unit configuration, parking, ADU/development opportunities, and all potential uses.
Located near USC and in an area with strong student-housing demand, this property offers an attractive opportunity for an investor seeking multiple rental units, abundant parking, a large lot, and future upside. All units to be delivered vacant. Buyer to independently verify all property information, permits, square footage, zoning, development potential, parking, and unit configuration with the appropriate City of Los Angeles departments.
The downstairs unit was originally configured as a 3-bedroom, 2-bathroom unit and has been divided into a 2-bedroom, 1-bathroom unit and an additional 1-bedroom, 1-bathroom unpermitted bonus space. Upstairs features a 1-bedroom, 1-bathroom unit, a large studio, and a smaller studio.
The spacious rear lot provides substantial off-street parking and potential for future development. Property is zoned LARD1.5. Buyer to verify with the City of Los Angeles regarding zoning, permits, existing unit configuration, parking, ADU/development opportunities, and all potential uses.
Located near USC and in an area with strong student-housing demand, this property offers an attractive opportunity for an investor seeking multiple rental units, abundant parking, a large lot, and future upside. All units to be delivered vacant. Buyer to independently verify all property information, permits, square footage, zoning, development potential, parking, and unit configuration with the appropriate City of Los Angeles departments.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5124013005
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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Listed by Pedro Saucedo eXp Realty of California Inc. 562-774-5192, DRE #02188635
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