0.44 Acres Lot
0.44 Acres Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26002050
HOA Y/N No
Year Built 1960
Lot Size 0.436 Acres
Property Sub-Type Apartment
Property Description
acquire a high-yielding asset in South Los Angeles at
a newly adjusted basis that is difficult to replicate in
today's market.
Offered at just $147 per square foot and $157,875 per
unit, the property delivers a strong 7.35% cap rate and
7.87 GRM from day one, providing immediate cash
flow with clear upside potential. The revised pricing
creates a compelling entry point for investors seeking
both stability and long-term growth in a market
where well-priced deals are getting real traction.
Beyond the in-place income, the property offers a
clear path to further value creation through the
potential addition of ADUs. With SB1211, a buyer can
explore the opportunity to add up to eight units by
utilizing the existing parking area, significantly
increasing both income and overall asset value.
Based on conservative assumptions, a fully executed
ADU strategy could drive the property to a 5.96 GRM
and an 11.36% cap rate.
Positioned along the South Broadway corridor, the
asset benefits from consistent rental demand, access
to major transit routes, and ongoing investment
throughout South Los Angeles, supporting both near-
term performance and long-term appreciation.
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Curbs, Suburban, Sidewalks, Urban
Total Parking Spaces 20
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6031010030
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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