INCREDIBLE UPSIDE INVESTMENT OPPORTUNITY! Potential to build up to four (4) additional ADUs in the area currently designated for parking, creating significant future income potential Prime 4-unit investment opportunity just steps from USC and located within the USC Security Patrol Zone. This newly restored apartment building offers an exceptional location near USC, the LA Memorial Coliseum, BMO Stadium, the Natural History Museum, and Downtown Los Angeles. Subject to LA City RSO rent control, the property presents significant upside potential with one unit currently eligible for eviction due to non-payment. Based on comparable rentals in the area, a renovated unit may support substantially higher rental income. Ideal for investors or owner-occupants seeking a value-add opportunity with strong long-term cash flow potential in one of Los Angeles' most well-priced rental markets.
| MLS # | OC26126352 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1901 |
| Days On Site | 104 |
| Listing Provided By | The Agency | Cassie French |
| SQ Feet | 2,436 |
|---|---|
| Story(s) | 2 |
| Units | 10 |
| Building(s) | 1 |
| Acreage | 0.13 |
| Property View | None |
| Cooling | Wall Window Units |
|---|---|
| Cooling Yes / No | Yes |
| Appliances | Gas Range |
| Fireplace Yes / No | No |
| Roof | Asphalt |
|---|---|
| Lot Features | Zero To One Unit Acre |
| Parking Features | Driveway Level, Driveway, On Site, Paved, One Space |
|---|---|
| Garage Yes / No | No |
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Community Features | Street Lights |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90007 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90007) | |
Price: $875,000 low | high Med: $675,000 sqft: 2,436 low | high Med: 928 $ / sqft: $359 low | high Med: $727 On site: 104 low | high Med: 71 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90007 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90007) | |
Price: $875,000 low | high Med: $675,000 sqft: 2,436 low | high Med: 928 $ / sqft: $359 low | high Med: $727 On site: 104 low | high Med: 71 | |