The subject property is a six-unit apartment complex located in South Los Angeles. The units were constructed in 1923 and contain 2,978 square feet. The apartments are situated on a large, 10,588 square foot lot which is zoned LAR2. The buildings consist of all one-bedroom units averaging just under 500 square feet each. The complex gives the feel of individual houses which make it very attractive to prospective tenants. Currently, the apartments are generating $8,112 per month and over $97,000 annually. Also, there is plenty of upside in the rents. At a GRM of 8.98 and $145,000 per unit. This is a great investment opportunity. In 2025, a Capital Improvement of $32,820 was invested in the roof. (That was not included in the regular expenses.)
Days on market: 9
Listing updated: January 31, 2026 - 01:36:01
Listed by: Jerome McAlpin DRE #00939725 310-437-4172, McAlpin & Company - Beverly Hills/Greater LA
Source: Beverly Hills/Greater LA, MLS#: CLW-X02104 Originating MLS: CRMLS
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