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1406 Crenshaw, Los Angeles
$1,300,000
SB26228309 MLS ⋅ Active Status
Welcome to this fantastic investment opportunity in one of the most desirable rental markets in Los Angeles City. This apartment building is located in the Midtown Crenshaw area. The building is in the Crenshaw corridor, Midtown and Wilshire District, it's within walking distant to a number of restaurants, cafes and shopping centers. MTA public transportation is very accessible, and the 10 Freeway. The building has been well maintained and four (4) of the Units have been recently upgraded. There is a total of seven (7) units, consisting of six 1 bedroom / 1 bathroom & one unit (1) with 2 bedrooms / 1 bath. The is one assigned parking space for each unit in the back of the building. All of the units have their own Gas & Water meters. The building is subject to Los Angeles Rent Stabilization Ordinance (RSO) guidelines.

1406 Crenshaw, Los Angeles
1639 S Hobart, Los Angeles
$3,775,000
CV26204221 MLS ⋅ Active Status
Rare opportunity to acquire a substantial multifamily investment property in the highly desirable Mid-City/Harvard Heights area of Los Angeles. The property features 17 units on an approximately 10,018-square-foot lot, offering investors a sizable existing rental asset with meaningful value-add potential. The property includes 14 existing units plus 3 attached ADUs, providing an attractive opportunity to enhance the income-producing potential of the property. Five units have been fully remodeled with permitted improvements, including updated kitchens, modern cabinetry, flooring, lighting, bathrooms, and other interior and exterior enhancements. The property benefits from individually metered gas and electricity, gated parking, and a well-positioned two-story configuration. The approximately 9311-sq ft building sits within a commercially zoned area for both multi-family and retail. It offers investors multiple avenues to improve operations, rents, and overall property performance, subject to applicable approvals and regulations. This property maintains an approximate cap rate of 6.14% from Day 1, with upside to a pro Forma rate of 10.48%. Strategically located along Venice Boulevard with convenient access to Koreatown, Downtown Los Angeles, Culver City, major employment centers, public transportation, and regional freeways. This is a compelling opportunity for investors seeking an established multifamily asset in central Los Angeles, with existing improvements and upside potential.

1639 S Hobart, Los Angeles

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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