4,281 Sqft Lot
4,281 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25053038
HOA Y/N No
Year Built 1923
Lot Size 4,281 Sqft
Property Sub-Type Triplex
Property Description
The property features:
- Front unit: A delightful one-bedroom apartment with a manicured yard and succulent garden
- Center 1-bedroom, 1-bathroom unit
-Rear unit: A spacious two-story, 3-bedroom, 1.5-bathroom home
- Driveway parking for three vehicles
- One Car Garage
Current unit mix and rents:
1. 3 Bedroom, 1.5 Bathroom: $1,580/month
2. 1 Bedroom, 1 Bathroom: $965/month
3. 1 Bedroom, 1 Bathroom: $1,528/month
Market rent potential:
- 3 Bedroom units: $3,750/month
- 1 Bedroom units: $1,900/month
Located in the rapidly evolving West Adams neighborhood, this property is perfectly positioned to benefit from the area's ongoing revitalization. With its proximity to major employment hubs, including Downtown LA, Culver City, and USC, the location is ideal for attracting young professionals and students.
West Adams has been experiencing significant appreciation, with property values increasing by an average of 8.23% per year over the past five years. This trend, combined with the neighborhood's growing popularity, makes this property an excellent investment opportunity.
Don't miss this chance to acquire a value-add property in one of Los Angeles' most promising neighborhoods. With strategic management and targeted improvements, this multi-unit gem has the potential to generate substantial returns in the thriving West Adams real estate market.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR2
Interior
Interior Features Beamed Ceilings, Tile Counters, Bedroom on Main Level
Heating Gravity
Cooling Wall/Window Unit(s)
Flooring Tile, Wood
Fireplaces Type None
Fireplace No
Appliance Gas Range, Gas Water Heater
Laundry Electric Dryer Hookup, Gas Dryer Hookup
Exterior
Parking Features Concrete, Driveway Down Slope From Street, Direct Access, Door-Single, Driveway, Garage Faces Front, Garage, Gated, On Site, Off Street, Shared Driveway
Garage Spaces 1.0
Garage Description 1.0
Fence Average Condition
Pool None
Community Features Gutter(s), Storm Drain(s), Street Lights, Sidewalks, Urban
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Roof Type Composition
Accessibility Accessible Doors
Total Parking Spaces 1
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Back Yard, Front Yard, Garden, Rectangular Lot
Story 1
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5050006036
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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