8,655 Sqft Lot
8,655 Sqft Lot
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID IN26204457
HOA Y/N No
Year Built 1965
Lot Size 8,655 Sqft
Lot Dimensions Public Records
Property Sub-Type Apartment
Property Description
Excellent opportunity to acquire an 8-unit income property positioned in the highly accessible Vermont Vista corridor of Los Angeles. Located just minutes from the 110 Harbor Freeway, the property offers convenient access throughout South Los Angeles and beyond.
The well-maintained 5,550-square-foot building sits on an approximately 8,654-square-foot lot and features an attractive unit mix of six 2-bedroom/1-bath units and two 1-bedroom/1-bath units. Long-term, stable tenancy has supported consistently strong occupancy, making this an appealing addition to an income-focused portfolio.
The property is situated in an area experiencing significant investment and redevelopment, with convenient proximity to SoFi Stadium, Intuit Dome, and the Hollywood Park entertainment district just few minutes away. This places the property near one of Los Angeles County's active redevelopment and economic growth corridors.
Everyday tenant convenience is further supported by nearby schools, including Woodcrest Elementary School, approximately 0.3 miles away, and George Washington Preparatory High School, approximately 0.7 miles away.
With a reported 6.8% cap rate and 10.9 GRM, this property offers a compelling combination of current income, a desirable unit mix, established tenancy, freeway accessibility, and proximity to major regional development.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LCR32OU
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Laundry Common Area, Outside
Exterior
Parking Features Assigned, Asphalt, Covered, Carport, Paved, Private, One Space
Garage Spaces 3.0
Carport Spaces 8
Garage Description 3.0
Pool None
Community Features Curbs, Street Lights, Sidewalks
Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
View Y/N No
View None
Total Parking Spaces 11
Private Pool No
Building
Lot Description Level, Paved
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6060020017
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
