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$ 999,800
Est. payment | /mo
6 Beds
6 Baths
2,780 SqFt
$ 999,800
Est. payment | /mo
6 Beds
6 Baths
2,780 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,780 sqft
Price per Sqft $359
MLS Listing ID 25585009
Bedrooms 6
HOA Y/N No
Year Built 1901
Lot Size 8,006 Sqft
Property Description
Excellent Investment & Development Opportunity, Priced to Sell! Don't miss this rare chance to own a high-performing income property with immediate upside near the heart of Downtown Los Angeles. This legal duplex has been improved with four legally converted bedrooms into independent units per LADBS, effectively operating as six rental units. The property already delivers strong rental demand and consistent cash flow, plus three vacant units ready for lease-up or repositioning.The property sits on a generous 8,007 sq. ft. RD1.5-zoned lot and comes with RTI plans for four additional units, allowing investors to unlock the full potential of the huge backyard with wide alley access. Once completed, the four ADUs are expected to generate approximately $10,000 per month in additional rental income, creating a powerful long-term value-add opportunity while benefiting from the property's existing income stream.Investment highlights include an attractive CURRENT 6.5% CAP rate and 10.5 GRM, with ample parking for up to 10 vehicles via alley access in the rear parking area. Located in a high-demand rental market near DTLA, USC, and major freeways, this property offers a rare combination of immediate income, development upside, and strong projected returns. With RTI plans in place, legal conversions completed, multiple vacancies, and significant future income potential, this property is truly priced to sell and will not last. Rendering images are for illustrative purposes only and may not reflect the current property or finished product.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Parking Features Assigned
Total Parking Spaces 10
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5135011017
Special Listing Condition Standard
Listed by Vinnie Park Keller Williams Larchmont
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Steven Golden
Broker | Lic# 01290347