3443 9th Ave - Apartments FOR SALE


Los Angeles, CA 90018- Leimert Park
$785,000 USD
866-800-1947
3443 9th Ave, Los Angeles, CA for Sale
$785,000 USD
Apartments - FOR SALE
1/8
null | 3.14% Cap Rate

3443 9th Ave
Los Angeles, CA 90018
Leimert Park


OVERVIEW

This property consists of a duplex and 3 rental incomes with long tern tenants. Main house consists of 3 bedrooms +1 bath Rear building is divided into (2) 1+1 units. There are 3 parking spots in the front driveway and 3 rear and 1 side parking spot in the rear of the property providing value add opportunity for increased revenue with parking spots scare for the neighborhood. Seller has submitted plans to the city of LA to add a 2nd story to main house and adding an ADU and a Jr. ADU unit. Approval will add a total of 8 bedrooms and 6 bathrooms to the property once developed. Strong central LA location within the Jefferson Park/ West Adams area well known for early 20th century homes and historic preservation Overlay Zone (HPOZ) in parts of the area. This appeals to the people who appreciate the architectural character & neighborhood identity. Easy commute access and commute to Downtown LA, Koreatown, USC, Culver City and surrounding employment hubs. Easy connection to the 10 & 110 freeways, Jefferson blvd and Western avenue. This area is predominantly residential homes with a mix of small multifamily properties. Increasing interst by investors and owner users. Strong rental demand driven by central location and transit access.

FOR SALE DETAILS

PRICE

$785,000 USD

PRICE/SF

$418 USD /SF

# OF UNITS

3

PRICE/UNIT

$261,667

CAP RATE

3.14%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1903

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

LAR1

APN/PARCEL ID

5044-014-013

ASK ABOUT THIS PROPERTY

Rudy CamposeXp Realty of California IncMore Info
866-800-1947

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

Rudy CamposeXp Realty of California IncMore Info
866-800-1947

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