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Listed by Kevin Gonzalez • eXp Realty of Southern California Inc
$ 2,024,888
Est. payment /mo
Price Dropped by $25K
Los Angeles, CA 90032
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV-26041008
Year Built 1957
Property Sub-Type Multi Family
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Rarely does an opportunity like this come to market. Offered for the first time ever, this exceptional 5-unit investment property showcases true pride of ownership and meticulous long-term care. Featuring four spacious 2-bedroom, 1-bath units plus a detached 3-bedroom, 2-bath rear home, the property offers a highly desirable unit mix that drives strong tenant demand and lasting stability. Zoned GLR3 with outstanding building opportunities, the property also presents the potential to add three additional units—unlocking the ability to create an eight-unit complex and significantly increase income and long-term value. This is a true turnkey asset—clean, well maintained, and already performing—featuring six garage spaces with additional rental upside and an on-site laundry room that generates steady income with room to grow. No deferred maintenance, no heavy rehab—just immediate cash flow with built-in expansion potential. Ideally located in Los Angeles' 90032 zip code between El Sereno and Montecito Heights, tenants enjoy nearby access to Ascot Hills Park, Debs Park, local shopping along Huntington Drive and Valley Boulevard, and California State University, Los Angeles—supporting consistent and reliable rental demand. Just minutes from Downtown Los Angeles, residents are also close to world-class dining, nightlife, entertainment, and cultural destinations. Opportunities like this—first time on the market, impeccably maintained, and with this level of development upside—are extremely rare in Northeast Los Angeles. A prime chance to secure a high-performing multi-unit asset in a rapidly growing rental corridor.
Location
State CA
County Los Angeles
Area 621 - El Sereno
Interior
Heating Wall Furnace, Central
Laundry Laundry Equipment Own Lease, Dryer Included, Gas & Electric Dryer Hookup, Individual Room, Outside, Washer Included
Exterior
Utilities Available Sewer Available, Water Available, Electricity Available, Natural Gas Available, Phone Available
Building
Lot Description Sprinklers In Front, Sprinklers Timer, Sprinkler System, Landscaped, Lot 10000-19999 Sqft, Front Yard, 2-5 Units/Acre