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Listed by JEFFREY GRAY • CONROY COMMERCIAL INC.
$ 850,000
Est. payment | /mo
2,248 SqFt
$ 850,000
Est. payment | /mo
2,248 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 2,248 sqft
Price per Sqft $378
MLS Listing ID CRIG25141470
HOA Y/N No
Year Built 1950
Lot Size 6,501 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
South Los Angeles Investment Property. Located in the vibrant Congress Southeast neighborhood on the major Figueroa Street corridor, this 6-unit apartment building offers strong rental income potential with 5 studio units and one 1-bedroom, 1-bathroom unit. It has a strategic location with public transportation just steps away, including Broadway/104th bus service to Downtown LA and convenient access to the Green Metro Line to LAX. Downtown LA is only 15-20 minutes by car, making this building attractive to renters seeking central Los Angeles accessibility without downtown pricing. According to the owner, the 1B/1B unit has unpermitted internal demising walls making it 3 rooms with a bathroom and a kitchen. This unit is leased out short term with the average monthly net rent of $2,130 a month.
Location
State CA
County Los Angeles
Interior
Heating None
Cooling None
Fireplace No
Laundry No Hookups
Building
Lot Description Other
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Melanie Peterson-Katz
Partner | Lic# 00890767