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Rene Ramirez

findmycastle@castrarealty.com +1(951) 384-0656

$1,650,000

Est. payment - /mo

9,896 Sqft Lot

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Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26243751

HOA Y/N No

Year Built 1972

Lot Size 9,896 Sqft

Property Sub-Type Mixed Use

Property Description

*** 3 UNITS WILL BE DELIVERED VACANT **** This exceptional five-unit multifamily property presents a rare value-add opportunity in the heart of rapidly evolving Exposition Park, one of Los Angeles' most active rental markets The property features an attractive and versatile unit mix consisting of one 2-bedroom, 1-bathroom unit, two expansive 5-bedroom, 2-bathroom units, one 4-bedroom, 2-bathroom unit, and one 3-bedroom, 1-bathroom unit. The large unit configurations and flexible layout create outstanding income potential for investors pursuing student housing, traditional multifamily rentals, or alternative housing strategies in a consistently high demand location .Ideally situated 10 minutes walk distance to the University of Southern California, the property benefits from close proximity to some of Los Angeles' most iconic destinations, including the Los Angeles Memorial Coliseum, a featured venue for the upcoming 2028 Olympic Games, the highly anticipated Lucas Museum of Narrative Art located less than half a mile away, only 10 minutes walk or 0.5 miles away ; Exposition Park, the California Science Center, the historic Rose Garden, BMO Stadium, and the Expo Line Metro Station offering convenient access from Downtown Los Angeles to Santa Monica .The property also provides easy access to major freeways and public transportation, further strengthening its long-term desirability and tenant demand .Adding to its exceptional appeal, the property is sitting in a 9,894 sq ft lot and it will be delivered almost VACANT, offering investors a rare opportunity to immediately reposition the property, establish market rents, and maximize future income potential .This is an outstanding opportunity to acquire a well-located multifamily asset in one of Los Angeles' most dynamic and transformative neighborhoods.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplaces Type None

Inclusions appliances

Fireplace No

Appliance Gas Cooktop, Gas Oven, Gas Range, Gas Water Heater, High Efficiency Water Heater, Microwave, Refrigerator

Laundry In Kitchen

Exterior

Parking Features Assigned, Asphalt

Pool None

Community Features Biking, Street Lights, Sidewalks, Park

Utilities Available Electricity Available, Electricity Connected, Sewer Available, Sewer Connected, Water Available, Water Connected

Accessibility Parking

Total Parking Spaces 10

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Near Park, Near Public Transit, Rectangular Lot, Walkstreet

Story 2

Entry Level Multi/Split

Sewer Public Sewer

Water Public

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5037020050

Security Features Carbon Monoxide Detector(s),Fire Detection System,Security Gate,Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Marina Burgos Park Regency Realty 818-312-4291, DRE #01818048

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NEARBY SCHOOL & BUSINESS

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Rene Ramirez

+1(951) 384-0656

Broker License ID: 02038829

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1134 W 39th Los Angeles, CA 90037

Rene Ramirez

Key Details

Location

Interior

Exterior

Building

Others

MORTGAGE CALCULATOR

NEARBY SCHOOL & BUSINESS

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1134 W 39th