Property Detail
Description
The subject property is a 7-unit apartment complex located in the South Los Angeles submarket. It consists of four 3-bedroom - 1 bath units, two 2-bedroom 1 bath units and one 1 bedroom 1 bath unit. The complex was renovated in 2020, with new plumbing, electrical, roof, kitchens and bathrooms. The building is capable of producing over $19,000 when fully occupied. There are currently 3 vacancies, which can be rented out to Section 8 tenants for maximum value. There are plans and permits for an ADU which the Buyer can utilize to complete the project. At 7.8 GRM and 8.2% CAP, this is an excellent investment that will produce over 10% cash on cash return. Shown with accepted offer only. Please do not walk on property or disturb tenants.
Map Location
Listing provided courtesy of Jerome McAlpin of McAlpin & Company. Last updated 2025-11-11 09:11:47.000000. Listing information © 2025 CRMLS.
John Collins
DRE# 01948188
888 Prospect St. Suite 140
La Jolla, CA 92037
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858.252.0200
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Address
888 Prospect St. Suite 140 La Jolla CA 92037
Coldwell Banker Realty, CalBRE# 00616212
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