Classic 1929 Spanish 6-unit in Leimert Park on a large corner lot with major value-add + ADU upside. Strong unit mix: (4) 2BD/1BA + (2) 1BD/1BA with courtyard charm and on-site parking/garages. ~23% mark-to-market upside through organic rent growth as units turn. Potential to add up to four (4) detached ADUs (Buyer to Verify), increasing income by 87% and a stabilized 8.18% yield on cost. Recent improvements include electrical upgrades, foundation bolting/reinforcement, exterior paint, roof recoat, and two remodeled units (refinished hardwood floors, paint, updated bath/shower, appliances, ceiling fans, mini-splits).
5,278 Sq Ft
7,596 Sq Ft Lot Size
investment
Built in 1929
MLS/Listing ID RS26041961
6 Units
Lot - Corner Lot
Heating - Wall Furnace
Community - Urban
Community - Street Lights
Community - Storm Drains
Community - Sidewalks
Community - Curbs
TOTAL MONTHLY COST
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