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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

$760,000

Est. payment - /mo

6 Beds

6 Baths

3,564 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,564 sqft

Price per Sqft $213

MLS Listing ID 26858573

Bedrooms 6

HOA Y/N No

Year Built 1927

Lot Size 6,534 Sqft

Property Description

Check out this new six-unit listing in South Los Angeles. The complex is located west of the Harbor (110) freeway between Florence and Gage Avenues. The property consists of all 1-bedroom apartments, contained in three duplexes, that rent for between $859 and $1,200 per month. The total monthly income is $6,107 and the annual gross is $73,284. The rents are well below market for the area, so that presents plenty of upside potential for a new, aggressive operator. Listed at only $126,666 per unit, this is a great value play for a long-term or beginner investor. Rents should nearly double upon turnover because tenants seek and appreciate this style of apartment living. The structures were built in 1927 and contain a total of 3,564 square feet; that's almost 600 square feet per unit! They are situated on a 6,535 square foot lot which is zoned LAR1.5. This is another great deal that will not last. Call or email for more details. Please do not walk onto property or disturb tenants. Showings with accepted offers only.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LARD1.5

Interior

Heating Wall Furnace

Cooling None

Fireplaces Type Bath, Gas, Kitchen, Living Room

Fireplace Yes

Exterior

Parking Features On Street

View Y/N No

View None

Building

Story 1

Entry Level One

Sewer Sewer Tap Paid

Architectural Style Spanish

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 6013012025

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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Listed by Jerome McAlpin McAlpin & Company #00939725

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Chris Mardelli

Broker | License ID: 01834969

+1(310) 571-5761 | chris@therealupside.com

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6533 S Hoover ST Los Angeles, CA 90044

Chris Mardelli

Key Details

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6533 S Hoover ST