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Listed by Luis Montejano • Metzo Realty Inc
$ 1,049,000
Est. payment | /mo
4,680 SqFt
$ 1,049,000
Est. payment | /mo
4,680 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,680 sqft
Price per Sqft $224
MLS Listing ID CRP1-22948
HOA Y/N No
Year Built 1920
Lot Size 9,506 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
A rare investment opportunity consisting of 4,680 sq ft, 8 bedrooms/7baths: a total of seven units on a 9,508 sq ft lot generating steady rental income with low overhead and strong upside. The front property is a freestanding 2bed/1bath home with long-term tenants, while a two‑story rear structure houses six identical 1 bed/1 bath apartments--each with its own dedicated parking space. A major roof replacement was completed on the larger building roughly three years ago, reducing capital expense.Situated just south of Downtown L.A., this property is a mere 10‑minute drive from the heart of the city and only around 3 miles from USC--making it a highly desirable location for student housing, faculty rentals, and young professionals. Easy access to the I‑110 freeway and local transit routes enhances tenant mobility.For outdoor enthusiasts, the scenic South L.A. Wetlands Park--an award-winning 9‑acre ecological reserve--lies within walking or biking distance, offering trails and green space perfect for daily exercise. Additional nearby recreation includes Augustus F. Hawkins Nature Park and the sports fields and pool at South Park Recreation Center, plus cultural attractions and open space at Exposition Park just a few minutes away.Convenient retail
Location
State CA
County Los Angeles
Interior
Heating None
Cooling None
Flooring Tile, Carpet
Fireplace No
Laundry No Hookups
Exterior
View None
Building
Lot Description Level, Other
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Vincent Rossi
REALTOR® | Lic# 01921563