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$ 875,000
Est. payment | /mo
6 Beds
6 Baths
5,200 Sqft Lot
$ 875,000
Est. payment | /mo
6 Beds
6 Baths
5,200 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26178656
Bedrooms 6
Lot Size 5,200 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Positioned in the heart of Mid City Los Angeles, this gated two story 4 plex presents an attractive opportunity for investors seeking both immediate rental income and long-term flexibility.The property features four separate units two 2 bedroom units and two 1 bedroom units each offering a functional layout with living space, kitchen, and bedrooms. On site parking and a fully gated configuration add convenience and security for residents. Location is a major advantage. The property is minutes from SoFi Stadium, Intuit Dome, LA Live, the Los Angeles Memorial Coliseum, and BMO Stadium, while USC is approximately 4 miles away and LAX is about 10 miles east. With easy access to some of Los Angeles' most prominent destinations, the property is positioned in an active residential market with strong connectivity. For investors, the property offers an approximate 6.55% cap rate, creating an opportunity to acquire an income producing multifamily asset in a highly desirable Los Angeles location. Adding another layer of potential, the property offers mixed use possibilities, with space that may provide an opportunity for commercial use on the ground level and residential living above, subject to applicable zoning and local regulations. This flexibility could appeal to investors looking to diversify income streams or owners interested in combining business and residential use.
Location
State CA
County Los Angeles
Zoning Assessor
Direction South of Florance on Normandie / Cross Streets are Florance & Normandie
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 6018008023
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Jasmine Bonnell, DRE#02079082 Pinnacle Estate Properties, Inc.
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