Well located four unit complex near Slauson and Western Avenues. This property features 2 - two unit buildings with all three bedroom apartments. The structures were built in 1931 and contain a combined 3,671 square feet. The units are situated on a corner lot of over 8,000 square feet and is zoned LARD1.5. That zoning may allow for 5 units to be built there. Please check with the City of LA to verify. The apartments are currently producing over $113,000 annually and there is still some upside in the rents. With an excellent GRM of only 11.8 and a CAP of 5.73, these units will not last. Make all offers subject to inspection. Please do not disturb tenants. Seller will not deliver any vacant units at the close of escrow.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
