Description​​​

This 4-unit property presents a compelling value-add opportunity, featuring a two-story, approximately 3,188 SF building on nearly 6,047 SF of LA[Q]R4-1 zoned land. All 4 units are appx 800 SF 2Br+1Ba units with 8 total parking spaces. The property benefits from solid, long-term tenants, including one remodeled unit near market rent at approximately $1,900/month.

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Offered at an under 14 GRM and a 4.76% CAP Rate, this is a solid building with strong tenants and good bones. An ideal investment for under $1,000,000 in an area with extremely low historic vacancy, near DTLA, and with significant upside.

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The Seller believes it is possible to build up to 2 ADU’s in the rear (Buyer to verify) Conveniently located near Central Avenue, the 10 Freeway, USC, Exposition Park, Downtown Los Angeles, the Fashion District, and LA LIVE, the property offers a combination of current income, value-add potential, and future development upside.

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Location

South Central Los Angeles is known for its rich cultural history, strong sense of community, and diverse neighborhoods. The area includes communities such as Exposition Park, Vermont Square, Florence, and parts of Historic South Central, with convenient access to Downtown Los Angeles, major freeways, USC, and public transportation. It has also become an area of interest for homeowners and investors due to its relatively more attainable pricing compared with many other parts of Los Angeles. In 2026, the median homes sales price is $825,000.