Located just east of Western Ave, 1723 W 52nd St benefits from its proximity to USC, Downtown Los Angeles, and easy access to Hollywood and Inglewood.
Earn strong cash flow at a 7.47% cap rate and 9.26 GRM using historic rents. Alternatively, the property can be delivered fully vacant so the new owner can renovate existing units and register non-conforming spaces as ADUs*.
Front building has a total of 6 bedrooms and 5 bathrooms. It can be configured as a duplex with junior ADU. Garage was converted into 2 studios with a total of 2 bathrooms. These can be registered as 2 ADUs.
2 vacant units (2+1, 1+1) for a new owner to renovate and/or choose their own tenants
Value-add potential for up to 6 units by legalizing non-conforming spaces and/or adding ADU units*
High development potential for a +/- 5,460 SF lot zoned R2 near USC and Downtown Los Angeles
Property is a duplex on title and is sold on an as-is where-is basis.
Tenants enjoy the convenience of 7 separate private entrances to the units and 5 parking spaces in front.
Property could be delivered vacant for the right offer.
*Buyer to conduct own due diligence and verify all information that is provided for reference purposes only.