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Keller Williams
8201 Morton, Los Angeles, CA 90001
- $749,900
- List Price
- $749,900
- Status
- ACTIVE
- Days on Market
- 2
- MLS#
- IG26227356
- Subtype
- Residential Income
- Year Built
- 1923
- Lot Size
- 12,030
- Acres
- 0.28
- MLS Area Major
- Harbor Gateway (122)
Property Description
INVESTOR SPECIAL / VALUE-ADD MULTIFAMILY OPPORTUNITY! Incredible investment potential located in the Florence-Firestone area, just blocks from Huntington Park. This 6-unit property offers massive upside with an estimated After Repair Value (ARV) exceeding three times the current price. The unit mix consists of six (6) 1-Bedroom / 1-Bathroom units situated on an expansive 12,030 sq. ft. lot (over 1/4 acre) zoned LCR2YY. Building size is approximately 3,264 sq. ft. Five (5) units are currently occupied generating immediate rental income, while one (1) unit is vacant, offering an ideal opportunity for owner-occupancy ("house hacking") or immediate renovation to capture top market rents. Each unit features separate gas and electric meters. Owner currently pays water, with tenant overage reimbursement terms in place. Prime candidate for a heavy value-add renovation, capital appreciation, and long-term portfolio growth. Buyers to verify all listing info, zoning, permits, and potential development rules with LA County. Do not disturb tenants.
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Additional Information
- Heating
- Baseboard
- Stories
- One Level
- Levels
- One
- Pool Type
- None
- Parking Features
- Carport, Detached Carport, Driveway
- Garage Spaces
- 3
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Listing courtesy of Listing Agent: Ulises Vega (thevegateam@kw.com) from Listing Office: Keller Williams Realty.
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.