Bought with Olga Wright • Lyon Stahl Investment Real Estate, Inc.
$3,000,000
$3,050,000
1.6%For more information regarding the value of a property, please contact us for a free consultation.
9,906 SqFt
SOLD DATE : 05/30/2025
Key Details
Sold Price $3,000,000
Property Type Commercial
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 9,906 sqft
Price per Sqft $302
MLS Listing ID CRSB25052868
Sold Date 05/30/25
HOA Y/N No
Year Built 1962
Lot Size 0.299 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
PRICE IMPROVEMENT!! Great investment opportunity! This well-maintained 14-unit apartment complex features all two-bedroom, one-bath units, offering a desirable layout for tenants. The property boasts a low-maintenance design with a recently refreshed exterior, including a new roof (2023), upgraded electrical panels (2024), and fresh exterior paint (2025). A shared laundry room is available for tenants, and the property includes 14 on-site parking spaces for resident use. Current CAP rate is 5.4% with a potential 9.2% CAP rate at market rents. Located directly across from Normandie Park. The complex is also ideally situated near major freeways and shopping centers. Balcony inspection has been completed, ensuring compliance with safety regulations. The property is subject to the city of Los Angeles RSO. Don't miss this turn-key investment in a high-demand rental market!
Location
State CA
County Los Angeles
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Other
Exterior
View Park/Greenbelt
Building
Lot Description Irregular Lot, Other
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