Great INVESTMENT opportunity in the historical neighborhood of West Adams! Conveniently nestled in an Opportunity zone with tons of future development potential, this four-unit residential building provides an exceptional investment opportunity. Located on a cul-de-sac lot, the property welcomes residents with mature tropical landscaping, a classic stucco exterior, a long-paved driveway, and a gated entry. Cumulatively totaling approximately 4,970 square feet, each 1,242 square foot unit features 4 units, which consist of (1) 2-bedroom, 1-bath unit and (3) 3-bedroom, 2-bath units. Explore the first floor 3BR/2BA unit to find an openly flowing traditional floor-plan, beautiful faux wood flooring, abundant natural light, a neutral color scheme, a large living room, and an updated open concept kitchen with stainless steel appliances, white cabinetry, quartz countertops, and a breakfast bar. Perfectly sized, the primary bedroom also features a deep closet and an attached en suite, while the two guest bedrooms may be ideal for home offices or flex spaces. In addition, this unit also offers a private large over 900 sqft outdoor space that is great for entertaining guests, A/C wall units, and in-unit laundry. Also downstairs, you will find a two-bedroom and 1bathroom unit, as you step inside you are captivated by the organically flowing floor plan, stylish flooring, neutral tones, large living room, and fully equipped kitchens with ample cabinetry, gas ranges/ovens, and dining areas. Offering the possibility of reconfiguration, this unit may be converted into a three-bedroom/two-bathroom floor plan. Upstairs, you will find (2) 3 bedroom, 2bathroom units with mirror image floor plans that boast an openly flowing traditional floor plan, a neutral color scheme, attractive faux wood flooring, a spacious living room, an eat-in kitchen with stainless steel appliances, and a dining area. Each unit offers a primary bedroom with an en-suite and a dedicated closet, in addition to two extra guest bedrooms. Other features of this building: an on-site laundry room, each unit has 2 designated parking spaces, a large shed, and separate gas and electric meters. With proximity, residents can easily venture to Downtown LA or Santa Monica to enjoy shopping, restaurants, and all the amenities that Los Angeles has to offer! Take advantage of the potential tax benefits of this opportunity zone property and schedule your private showing!
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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