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$ 650,000
Est. payment | /mo
9 Beds
2,392 SqFt
$ 650,000
Est. payment | /mo
9 Beds
2,392 SqFt
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 2,392 sqft
Price per Sqft $271
MLS Listing ID CL26856069
Bedrooms 9
HOA Y/N No
Year Built 1924
Lot Size 7,138 Sqft
Acres 0.16
Property Sub-Type OTHER
Property Description
Fantastic investment opportunity to purchase a bungalow style 4 unit property in the heart of South Central Los Angeles at a hard to find, low price point. The property is 100% occupied and offers strong in-place cash flow with over $5,000/month, and a low GRM of only 10.71, and a 5.65% CAP rate. The property is separately metered, so the owner only pays for water and sewer. Two of the roofs were replaced in 2024 with permits. There is ample open parking in the rear for 6 cars, and a parking gate with rear alley access. This is a stabilized asset in a high-demand rental market with excellent future upside potential. The property is subject to City of LA Rent Control (LA RSO) and rents were most recently increased in June 2026. Property will be sold with all tenants in place, so no FHA or owner-occupied loans are possible. Ideally located near the Gilbert Lindsay Recreation Center and only 2 blocks from Ricardo Lizarraga Elementary School, the property also benefits from convenient access just east of the 110 Freeway and south of MLK Jr Blvd. Residents are just minutes from University of Southern California and Exposition Park, home to locally popular museums, entertainment venues, and major sporting events, making this a highly desirable location with strong long-term rental demand. *A full marketing package is available from the listing agent upon request. * This property is part of a larger portfolio sale of tenant occupied homes and multifamily properties - call listing agent for more info.*
Location
State CA
County Los Angeles
Zoning LAC2
Interior
Cooling No Air Conditioning
Flooring Tile
Fireplace No
Laundry No Hookups
Exterior
View Y/N false
View None
Total Parking Spaces 6
Building
Water Other
New Construction No
Others
Tax ID 5113006013
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Listed by Dana Coronado • Compass
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