Property Detail
Description
Great architecture on sale! 11-unit courtyard property about a mile from LA Live, Ritz Carlton, Convention Center and the Crypto Arena. This classic Spanish Colonial style building showcases timeless architectural appeal, featuring a striking symmetrical facade, red clay tile roof, arched entryway, and a beautifully landscaped central courtyard that creates a welcoming and private setting for residents. The property offers a well-balanced unit mix with strong in-place income and enormous upside in rents. Investors will appreciate the consistent rental demand driven by the property's central location, just minutes from Downtown Los Angeles, Koreatown, USC, and major employment hubs. Each unit benefits from abundant natural light, functional layouts, and the charm of period details that continue to attract long-term tenants. The gated courtyard design enhances both privacy and security, while the lush landscaping adds to the overall curb appeal and tenant experience. Priced at 11.7 GRM and 4.25 CAP Rate, this has both immediate cash flow and incredible upside in the future. Could benefit from SB1211 for new 8 ADUs
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Listing provided courtesy of Lee Ziff of Keller Williams Beverly Hills. Last updated 2026-05-09 08:11:29.000000. Listing information © 2026 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
Interested in Pacific Beach property, specifically? Check out PacificBeach.RealEstate
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