Property listed by Equity Union, Wesley Earley 424-600-7620
$1,899,000
Charming and well-maintained Spanish-style 6-unit building located in the desirable Mid-City/West Adams neighborhood between Adams and Jefferson Blvd. The majority of units have been updated within the past 7 years and feature modern kitchens, renovated baths, in-unit washer/dryers, and central air & heat. The property sits on a prominent corner… Read More lot with two separate buildings (Somerset and 29th St. addresses) and offers three garage spaces, three additional parking spots, and extra storage.With market-rate rents and room for additional income growth, this asset also presents ADU potential by converting the garage and storage area. Recent improvements include updated plumbing and electrical systems, low-maintenance landscaping with sprinklers, and a strong rental history with consistently low vacancy. Drive by anytime, and contact the listing agent for the Offering Memorandum or to schedule a tour. Read Less
Built in 1929, Building area total: 5,034, Levels: Two, Living area: 5034, 2 stories, 2 buildings, Architectural style: Contemporary, Attached, Common walls: OneCommonWall
Cooling
CentralAir
Fireplaces
Decorative
Floors
Wood
Heating
Central
Income
Gross income: $156,348, Net operating income: $116,000
Lot
0.1301 acres, 5,669 square feet, Size: 5,669
Parking
3 open parking spaces, 3 totals parking, Assigned, DoorMulti, Garage
Pool
None
Property
Zoning: LARD2
Security Features
CarbonMonoxideDetectors, SmokeDetectors
Spa
None
Tenant Pays
CableTv, Electricity, Gas, Insurance, TrashCollection, Water
Windows
DoublePaneWindows, Screens
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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