15-unit building with 12 Gut-Renovated & Brand New Units cash flowing at an amazing 6.25% Cap Rate and 11.5 GRM from day 1. The units have been completely remodeled from the studs with permits and boast a high-end aesthetic with new modern cabinets, flooring, lighting, new bathrooms, as well as major exterior capital improvements. On top of that, the major systems have been updated including brand new roofs, electrical, plumbing, HVAC, etc. and even a brand-new fire sprinkler system for all the units that will save you tons of money on insurance costs in California! Amazing upside to 9% Cap Rate & 8.4 GRM on the proforma. Preliminary plans to convert the 2 existing detached ADUs into 6 detached ADUs (4 additional) to improve the numbers even further. Excellent up and coming location minutes from Banc of California Stadium, USC, & Inglewood. Each unit is individually metered for gas and electricity, ensuring convenience and efficiency. Large ~10,554 SF TOC Tier 3 lot zoned C2 with future redevelopment potential.
Property Type(s):
Commercial
|
Last Updated
|
6/3/2025
|
Year Built
|
1923
|
|
County
|
Los Angeles
|
Additional Details
| GARAGE |
None |
| HEAT |
Electric |
| LOT |
10454 sq ft |
| PARKING |
None |
| ZONING |
LAC2 |
Listing provided by Armin Soleimani | 310-666-2246Global Platinum Properties, Inc.
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Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at 6/5/25 10:34 AM PDT.
This IDX solution is (c) Diverse Solutions 2025.
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