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$ 1,639,000
Est. payment | /mo
6 Beds
8,419 Sqft Lot
$ 1,639,000
Est. payment | /mo
6 Beds
8,419 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25186335
Bedrooms 6
Lot Size 8,419 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Prime USC investment! This 8-unit apartment building hits the market with over an 8% day-one cap rate plus huge rental upside. Featuring five oversized 2BR/1BA units and three 1BR/1BA units, plus 1.5 parking spaces per unit (three additional carports for extra income or easy ADU conversion), the property offers both strong cash flow and future flexibility. Just steps from USC, BMO Stadium, and the Coliseum, it sits on an oversized 8,419 SF C-2 lot in a Tier 3 TOC zone, unlocking incredible long-term development potential. With a brand-new roof (2025) and no deferred maintenance, this is the ultimate land bank with incomepriced to sell and wont last long!
Location
State CA
County Los Angeles
Zoning Assessor
Direction S Hoover St & W 43rd St
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 5019012031
Listed by Matias Stofenmacher Edgestone Real Estate, Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "