233 W Century Boulevard
Los Angeles, CA 90003
3224 sqft | 8 beds | 0.10 acres | #25498713
Description
Amazing opportunity to acquire a well maintained four-unit building in South Los Angeles with significant upside in rents and additional value-add potential to add ADU's (buyer to verify). All four units are bread-and-butter two-bed, one-bath units. With long-term below-market rents and nearly 50% in upside to market potential (accessible in event of vacancy), this property presents a tremendous opportunity to reposition the building into better cash-flow and equity almost right away. With proximity to draws such as SoFi Stadium, and central to economic hubs in Downtown Los Angeles, Silicon Beach, and the South Bay, with all of Southern California accessible via nearby 110, 405, and 105 freeways, this Property presents an in-demand location that will command increasing rents for the foreseeable future. Additionally, this two-story building leaves much of the 4,419sf lot to parking, which can potentially be repurposed pursuant to SB1211 to maximize the income potential for a greater return on investment.
Property Details
- Property SubtypeResidentialIncome
- Property TypeMulti-Family
- CountyLos Angeles
- Original List Price$975,000
- MLS #25498713
- MLS #25498713
- Acres0.1014
- Cost975000
- Square Feet3224
- Year Built1961
- Bedrooms8
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Vivian Chaing (#CLW-C122790)
Listing Office: Property Concierge (#CLW-X82729)
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