PRICE IMPROVEMENT!! Great investment opportunity! This well-maintained 14-unit apartment complex features all two-bedroom, one-bath units, offering a desirable layout for tenants. The property boasts a low-maintenance design with a recently refreshed exterior, including a new roof (2023), upgraded electrical panels (2024), and fresh exterior paint (2025). A shared laundry room is available for tenants, and the property includes 14 on-site parking spaces for resident use. Current CAP rate is 5.4% with a potential 9.2% CAP rate at market rents.
Located directly across from Normandie Park. The complex is also ideally situated near major freeways and shopping centers. Balcony inspection has been completed, ensuring compliance with safety regulations. The property is subject to the city of Los Angeles RSO. Don't miss this turn-key investment in a high-demand rental market!
9,906 Sq Ft
0.2986 Private Acres Exterior Space
Investment
Built in 1962
MLS/Listing ID SB25052868
2 Stories
14 Units
Screens
Wood
Laminate Countertops
Tile Countertops
Parking - Asphalt
Parking - Carport
Parking - Paved
Flat
Park/Greenbelt View
Listing Courtesy of PORTER HERITAGE, JIM PORTER - 310-375-3197
Source of Data: CALIFORNIA REGIONAL MULTIPLE LISTING SERVICE