233 W Century Blvd new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90003
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,224 sqft
Price per Sqft $302
MLS Listing ID 25498713
Bedrooms 8
Year Built 1961
Lot Size 4,419 Sqft
Acres 0.1014
Property Sub-Type Multi-Family
Property Description
Amazing opportunity to acquire a well maintained four-unit building in South Los Angeles with significant upside in rents and additional value-add potential to add ADU's (buyer to verify). All four units are bread-and-butter two-bed, one-bath units. With long-term below-market rents and nearly 50% in upside to market potential (accessible in event of vacancy), this property presents a tremendous opportunity to reposition the building into better cash-flow and equity almost right away. With proximity to draws such as SoFi Stadium, and central to economic hubs in Downtown Los Angeles, Silicon Beach, and the South Bay, with all of Southern California accessible via nearby 110, 405, and 105 freeways, this Property presents an in-demand location that will command increasing rents for the foreseeable future. Additionally, this two-story building leaves much of the 4,419sf lot to parking, which can potentially be repurposed pursuant to SB1211 to maximize the income potential for a greater return on investment.
Location
State CA
County Los Angeles
Area Metropolitan South
Zoning LAR2
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment Range/Oven, Gas Or Electric Dryer Hookup
Exterior
Parking Features Side By Side, Uncovered, Driveway Gate, Assigned
Building
Level or Stories Two
Others
Special Listing Condition Standard