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$ 1,450,000
Est. payment | /mo
8 Beds
8 Baths
5,496 SqFt
$ 1,450,000
Est. payment | /mo
8 Beds
8 Baths
5,496 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,496 sqft
Price per Sqft $263
MLS Listing ID 25628249
Bedrooms 8
HOA Y/N No
Year Built 1923
Property Description
Rare stabilized multi-family opportunity in the heart of the growing West Adams and Jefferson Park corridor. The property consists of eight 1923 bungalow style units positioned around an open courtyard, creating a low density setting that continues to attract long term renters. Listed at a 6.40% CAP rate and supported by a low cost basis of $181,250 per unit and $263/SF, the asset offers both strong in place income and clear upside. The surrounding neighborhood features rapid revitalization, new restaurants, improved transit access, and steady demand driven by its central location near major employment hubs. This combination positions the property as a compelling investment with durablecash flow and future value potential.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR1
Rooms
Other Rooms Shed(s)
Interior
Fireplace No
Exterior
Parking Features None
Building
Entry Level One
Level or Stories One
Additional Building Shed(s)
New Construction No
Others
Senior Community No
Tax ID 5051017007
Special Listing Condition Standard
Listed by Jacob Zacuto Zacuto Group