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$ 2,100,000
Est. payment | /mo
7,420 SqFt
$ 2,100,000
Est. payment | /mo
7,420 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,420 sqft
Price per Sqft $283
MLS Listing ID CL26836809
HOA Y/N No
Year Built 1922
Lot Size 9,934 Sqft
Acres 0.2281
Property Sub-Type Other
Property Description
Located in the heart of Los Angeles, this rare investment opportunity consists of two well-maintained apartment buildings: 1930 S. La Salle Ave featuring 8 units totaling approximately 4,444 SF, and 1935 Cordova St featuring 3 units totaling approximately 2,976 SF. The property also includes 7 garage parking spaces plus 2 additional uncovered parking spaces, providing valuable convenience for tenants in this highly desirable urban location. Despite the vintage character of the buildings, the property has been carefully maintained over the years and features a newer roof, stable occupancy, and strong long-term tenancy. With no current vacancies, this asset offers immediate and consistent cash flow while still presenting significant rental upside potential for investors seeking future income growth. Two of the units are Section 8 tenants, adding additional income stability. Situated in a quiet residential neighborhood with excellent access to the 10 and 110 Freeways, the property offers outstanding convenience to Downtown Los Angeles, Koreatown, USC, shopping, dining, and major employment centers. The location continues to attract long-term renters due to its central accessibility and neighborhood appeal. The property is known for its friendly, cooperative long-term tenants and easy day-to-day management. Tenant occupancy remains strong, and pride of ownership is evident throughout the property. Please do not disturb tenants. Tenants are not aware of the sale. Drive-by only. Property to be sold in its current "as-is" condition.
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Heating Wall Furnace
Flooring Laminate, Carpet
Fireplace No
Laundry No Hookups
Exterior
View Y/N false
View None
Building
Water Other
New Construction No
Others
Tax ID 5074027002
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Listed by Jenny Yu • Keller Williams Realty Los Feliz
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