Prime Mid-City 6-unit investment opportunity with significant value-add potential. The property features an excellent unit mix of six 1-bedroom/1-bath units situated on an oversized 5,962 SF LARD2-zoned lot. Four of the six units have been fully remodeled within the past five years, while recent capital improvements include an upgraded electrical… Read More panel, all new electrical breakers, and brand-new water heaters, reducing future maintenance costs. Total Current Rental Income is $9,295/month** There is a current proposal for conversion of the existing carport into a two-story ADU development of approximately 1,600 Sq. Ft. . The proposed project consists of four 1-bedroom ADU units of approximately 400 SF each, offering substantial upside in rental income and overall property value (buyer to verify). Ideally located in the heart of Mid-City, the property offers convenient access to Downtown Los Angeles, Culver City, Miracle Mile, Koreatown, and numerous employment centers. Strong rental demand, an excellent central location, and future ADU potential make this an outstanding opportunity for both long-term investors and value-add buyers seeking immediate upside. SEE SUPPLEMENTS FOR OFFERING MEMORANDUM Read Less
Courtesy of Lyon Stahl Investment Real Estate, Inc. 310-425-9838
Listing Snapshot
Days Online
8
Last Updated
Property Type
Other
Beds
6
Square Ft.
3,310
Lot Size
0.14 Acres
Year Built
1907
MLS Number
SB26149935MR
Additional Details
Building
3,310 sq ft, Built in 1907, Detached/No Common Walls
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