Built in 1912, this 8-unit property is located on a 6,523 SF lot in Vermont Square. The two-story building features eight one/bedroom-one/bathroom units, all with spacious floor plans.The spacious units all stand at 865 square feet, including individual water heaters. Along with low utility payments, the value-add property currently has a 35% rental upside through renovations. Separately metered for gas and electric, the property is being offered at a 4.17% CAP rate on current income, with a market CAP rate reaching 7.56%.Located one quarter mile from the University of Southern California (USC), 4502 Wesley Avenue is bound between Martin Luther king Jr. Boulevard and West Slauson Avenue. Located next to the Harbor Freeway, the property allows for a quick commute to LA Live. Within close proximity to the metro expo line, the dual lot property holds frontage on two major street, Westley Avenue and South Hoover Street, providing a substantial walk score of 82.
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.
