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$1,375,000
Est. payment /mo
6,272 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID MB26241097
HOA Y/N No
Year Built 1906
Lot Size 6,272 Sqft
Property Sub-Type Mixed Use
Property Description
PRIME LOS ANGELES INVESTMENT OPPORTUNITY! Excellent opportunity to own a charming two-story, Victorian-style 6-unit apartment building in the heart of Los Angeles! Situated on a desirable corner lot at Hoover St. and W. 12th St., this income-producing property features approximately 4,032 sq. ft. of building area on a spacious 6,272 sq. ft. lot, with 10 assigned, fenced parking spaces. Located in an LAR4 zoning area with a reported TOC Tier 2 designation, offering potential value-add and redevelopment opportunities, subject to City approval and buyer verification. The property consists of six tenant-occupied units, providing an established rental income stream. Seller reports recent improvements, including upgrades to plumbing, sewer lines, and kitchens. Conveniently located near Downtown LA, USC, Koreatown, LA Live, Crypto.com Arena, and the Los Angeles Convention Center, with easy access to public transportation and the 10, 101, and 110 freeways. Excellent opportunity for investors, developers, or buyers looking to expand their multifamily portfolio in a highly desirable central Los Angeles location. Property is being sold strictly AS-IS, WHERE-IS, with existing tenants in place. Buyer and buyer's agent to independently verify all information, including square footage, lot size, zoning, permits, rental income, parking, and development potential. DRIVE-BY ONLY. PLEASE DO NOT DISTURB OCCUPANTS.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Interior
Fireplace No
Laundry None
Exterior
Pool None
Community Features Biking
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5076015023
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Listed by SAYEED HOSSAIN EXCELLENCE MORTGAGE, INC. 213-864-1520, DRE #01385702
Nearby Locations
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