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$575,000
Est. payment /mo
3 Beds
3 Baths
1,610 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,610 sqft
Price per Sqft $357
MLS Listing ID 25570959
Bedrooms 3
HOA Y/N No
Year Built 1948
Lot Size 3,990 Sqft
Property Description
451 W 118th Pl, a triplex located in the Harbor Gateway North neighborhood of South Los Angeles. Built in 1948, the property is comprised of (3) one-bedroom / one-bathroom units with dual private entrances, a front door and a back door. A gated paved patio space offers parking for up to (5) cars. Unit 447 pays $1,047/month, unit 449 pays $1,122/month, and unit 451 pays $1,458/month. Future investors can capitalize on 36% of rental upside to meet the market with future rent increases. The roof is in good condition, per seller, and the exterior has been recently painted. The units are separately metered for electricity and gas and have laundry hookups (no machines currently installed). The property is located on a corner lot in a cul-de-sac off of the East side of Figueroa St, with direct access to the 105 & 110 freeways, making it convenient for tenants to commute. This asset offers an opportunity for an investor, particularly an entry-level buyer, to acquire a set of apartments that offer significant rental upside at a lower price point within Los Angeles.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Total Parking Spaces 5
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 6088015018
Special Listing Condition Standard
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Listed by Jake Glaser Lyon Stahl Investment Real Estate, Inc.