1504 S Bronson Ave - Apartments FOR SALE


Los Angeles, CA 90019- Arlington Heights
$1,495,000 USD
310-617-6462
1504 S Bronson Ave, Los Angeles, CA for Sale
$1,495,000 USD
Apartments - FOR SALE
1/7
null | 3.25% Cap Rate

1504 S Bronson Ave
Los Angeles, CA 90019
Arlington Heights


HIGHLIGHTS

  • Tremendous Value-Add Opportunity
  • Strong Upside Potential
  • Two (2) of the units have been extensively remodeled

OVERVIEW

Prime Mid-City Fourplex w/ Tremendous Value-Add Opportunity & Strong Upside Potential! Don't miss this exceptional opportunity to own a (4) unit multifamily investment property located in the heart of prime Mid-City, one of Los Angeles' most desirable and centrally located neighborhoods. This stunning property offers a total of 4,380sq.ft. situated on a 5,820sq.ft. lot. The unit mix includes two (2) 2-bedroom + 1-bathroom units and two (2) oversized 1-bedroom + 1-bathroom units, with good potential to be converted into 2-bedroom units due to their generous layouts and large square footage. Each unit boasts spacious floor plans averaging about 1,100sq.ft., providing comfortable and functional living spaces for tenants. Two (2) of the units have been extensively remodeled, featuring: Refinished hardwood oak flooring, Modern quartz countertops, Stainless steel appliances, Updated copper plumbing, Stylishly upgraded kitchens and bathrooms, New in-unit washer & dryers for added convenience. The remaining two (2) units offer value-add potential, allowing investors the opportunity to renovate, reposition, and maximize market rents, significantly increasing overall cash flow. Additional property highlights include: Current monthly gross income: $6,937/month. 4 large detached garages with excellent ADU potential to further enhance rental income. Quiet residential street with easy access to freeways, public transportation, shopping, and dining. Whether you're looking for a strong-performing asset or an opportunity to increase value through strategic renovations and development, this Mid-City fourplex checks all the boxes. Contact us today for more information

FOR SALE DETAILS

PRICE

$1,495,000 USD

PRICE/SF

$341 USD /SF

# OF UNITS

4

PRICE/UNIT

$373,750

CAP RATE

3.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,820 SF

ZONING

LARD2

APN/PARCEL ID

5072-007-008

ASK ABOUT THIS PROPERTY

Nima TehranyCompassMore Info
310-617-6462

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Nima TehranyCompassMore Info
310-617-6462

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.