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Listed by Brett Lyon • Lyon Stahl Investment Real Estate, Inc.
$ 695,000
Est. payment | /mo
2,798 SqFt
$ 695,000
Est. payment | /mo
2,798 SqFt
Key Details
Property Type Multi-Family
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 2,798 sqft
Price per Sqft $248
MLS Listing ID CRSB25010653
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1933
Lot Size 9,301 Sqft
Property Sub-Type OTHER
Property Description
Discover this 4-unit bungalow-style property located in South Los Angeles. Offering a total of 2,798 SF of living space on a spacious 9,301 SF lot, this property features a unit mix of (2) 2-bed/1-bath units and (2) 1-bed/1-bath units. The bungalow-style units provide added comfort and space for tenants, enhancing their appeal and livability. Additionally, a separate structure with four 1-car garages offers potential for ADU conversion (buyer to verify), adding significant value. With incredible upside potential, the property boasts a 11.50% market CAP rate, a 6.66 market GRM, and a remarkable 95% rental upside. Conveniently located right off Manchester Ave with easy access to the 110 Freeway, this property presents a prime opportunity in a growing South LA neighborhood.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry No Hookups
Building
Water Public
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227