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$1,999,000
Est. payment /mo
10 Beds
11 Baths
12,306 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 12,306 sqft
Price per Sqft $162
MLS Listing ID 26759433
Bedrooms 10
HOA Y/N No
Year Built 1923
Lot Size 0.321 Acres
Property Description
Great architecture on sale! 11-unit courtyard property about a mile from LA Live, Ritz Carlton, Convention Center and the Crypto Arena. This classic Spanish Colonial style building showcases timeless architectural appeal, featuring a striking symmetrical facade, red clay tile roof, arched entryway, and a beautifully landscaped central courtyard that creates a welcoming and private setting for residents. The property offers a well-balanced unit mix with strong in-place income and enormous upside in rents. Investors will appreciate the consistent rental demand driven by the property's central location, just minutes from Downtown Los Angeles, Koreatown, USC, and major employment hubs. Each unit benefits from abundant natural light, functional layouts, and the charm of period details that continue to attract long-term tenants. The gated courtyard design enhances both privacy and security, while the lush landscaping adds to the overall curb appeal and tenant experience. Priced at 11.7 GRM and 4.25 CAP Rate, this has both immediate cash flow and incredible upside in the future. Could benefit from SB1211 for new 8 ADUs
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Dryer, Washer
Exterior
Parking Features Garage
Total Parking Spaces 6
Building
Story 2
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5076012009
Special Listing Condition Standard
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Listed by Lee Ziff Keller Williams Beverly Hills #01212150
NEARBY SCHOOL & BUSINESS
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Devin McNichol & Aaron Bernbach
Agent | License ID: 02038322
Agent License ID: 02038322