This spacious 8-unit garden-style apartment building, situated on a sprawling 19,000 sq ft lot, presents a compelling investment opportunity. The property boasts a secure, gated environment and offers a mix of recently remodeled and classic units, ensuring broad appeal to potential tenants.
Key Features:
Remodeled Units: 6 of the 8 units have been thoughtfully modernized with new windows, kitchens, bathrooms, separate laundry connections, flooring, and fresh paint.
Strong Income: The property currently generates an annual income of $161,088, demonstrating its income-generating potential.
Prime Location: Conveniently located near LAX, popular beach communities, major freeways (105 and 110), and SoFi Stadium, the property enjoys high visibility and accessibility.
Ample Parking: Residents will appreciate the abundance of parking options, with 8 garage spaces and 7 outdoor spaces available.
Expansion Potential: The property is currently in the process of obtaining entitlement for 1 ADU, offering the opportunity to increase rental income and property value.
Why This is a Great Investment:
This property combines a desirable location with strong existing income and potential for future growth. The remodeled units are likely to attract quality tenants and command higher rents, while the ADU entitlement offers a clear path to increasing the property's overall value. The large lot size also provides flexibility for future development or expansion, further enhancing its investment appeal. With its prime location, attractive features, and income potential, this 8-unit garden-style apartment building is an excellent investment opportunity for those seeking both immediate returns and long-term value.
5,894 Sq Ft
0.4377 Private Acres Exterior Space
Apartment
Built in 1953
MLS/Listing ID GD25105437
8 Units
Cooling - Ductless
Community - Sidewalks
Community - Suburban
Style - Bungalow
Double Pane Windows
Laminate
Vinyl
Raised
Heating - Ductless
Washer Hookup
Gas Dryer Hookup
Parking - Garage
Listing Courtesy of PROSPECT GROUP INC., VARTAN ACHABAHIAN - 818-497-5294
Source of Data: CALIFORNIA REGIONAL MULTIPLE LISTING SERVICE