
Los Angeles, California 90044
This 6-Unit Multi-Family Asset is a strategic acquisition in South Los Angeles, currently offered at a List Price of $1,049,000. Reflecting the significant upside potential relative to the $947,339 Fair Market Value, the Condition Rating of 5 signals a major repositioning play. The layout features six detached 1-bed/1-bath units on a 7,003 sqft lot, with four units delivered vacant for immediate renovation. Benefit from separately metered utilities and proximity to the 9/10 rated Middle College High School. This project is ideal for Value-Add Investors or Contractors seeking double-digit stabilized returns.
Property is extensive renovation needed.
Built in 1925, this multi-unit property is explicitly marketed as a 'significant value-add opportunity' and 'redevelopment potential,' indicating it requires substantial rehabilitation. The description suggests that four units are being delivered vacant to allow for immediate repositioning and renovation. Given the age and the focus on 'stabilizing' the asset, the kitchens, bathrooms, and major systems are likely outdated or in disrepair, requiring significant investment to meet modern safety and quality standards.
PRICE IMPROVEMENT – SELLER READY TO REVIEW OFFERS 6 Detached Units | 4 Delivered Vacant | Significant Value-Add Opportunity Rare opportunity to acquire six detached 1-bedroom, 1-bath units on a spacious lot in South Los Angeles. Four units will be delivered vacant at close of escrow, offering immediate upside and repositioning flexibility. Projected double-digit stabilized returns (11%–14% range based on underwriting assumptions), this property presents a compelling value-add investment with substantial rental upside. Projections indicate strong potential for increased cash flow upon stabilization (buyer to independently verify all assumptions). Each unit is separately metered for gas and electricity (tenant-paid), minimizing owner utility exposure. Detached configuration provides privacy, flexibility, and operational versatility rarely found in comparable multifamily assets. This property offers multiple strategic paths: • Renovate and stabilize for long-term hold • Optimize rents to market levels • Explore specialty housing configurations (buyer to verify sober living, transitional & short term stay with city) • Evaluate redevelopment potential and density expansion (buyer to verify with city) With immediate vacancy control, flexible layout, and strong rental demand in the area, this asset provides investors the opportunity to unlock significant value. Projected stabilized double-digit returns upon full rent optimization (buyer to verify) Ideal for value-add investors, operators, and buyers seeking long-term appreciation in a supply-constrained Los Angeles submarket. Buyer to independently verify all income, expenses, use options, and development potential.
No exterior & parking available.
Grades K-6 • 0.5 mi
Grades K-6 • 0.6 mi
Grades K-5 • 0.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1925 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Feb 28, 2026
$1,049,000
$1,070,000
-2% Price Drop
Initial Listing
Nov 26, 2025
$1,070,000
Initial Listing