632 E 78th St - Multi-Family FOR SALE


Los Angeles, CA 90001- Canndu/Avalon Gardens
$500,000 USD
310-562-9630
632 E 78th St, Los Angeles, CA for Sale
$500,000 USD
Multi-Family - FOR SALE
1/15
null | 4.71% Cap Rate

632 E 78th St
Los Angeles, CA 90001
Canndu/Avalon Gardens


HIGHLIGHTS

  • INCREDIBLE VALUE! Front House is appx 940 SF, Rear House is appx 700 SF, PLUS the Rear Detached Garage and Storage Room is 640 SF Total.
  • Tenant occupied with current rental income over $3,000/month.
  • Property is subject to City of Los Angeles Rent Stabilization Ordinance (RSO).
  • Both Tenants Have Separate Parking Leases, Which Are Not Subject to RSO.
  • Properties Appear to be in Overall Nice Condition For Their Age & The Asking Price - Able to Finance!
  • Located just one block from John C. Fremont High School and McKinley Ave Elementary School.

OVERVIEW

Excellent opportunity to purchase TWO detached homes on one lot on a nice, tree lined street for the price of one home! The front home (Unit # 632) provides appx 936 SF of living space and is configured as a 3Br+2Ba, and the rear home (Unit #630) offers appx 696 SF and is configured as a 2Br+1Ba. The property also includes a detached rear garage with alley access, and a permitted storage room attached to the garage that is a total of 640 SF (per permits). This could be a potential ADU conversion (Buyer to investigate). There is also open parking between each structure. Both homes are tenant occupied, and the property is subject to City of LA Rent Control (LA RSO). PROPERTY TO BE SOLD WITH TENANTS. Current rental income is over $3,000/mo, with room to double that when the units eventually turn over. Conveniently located just one block from John C. Fremont High School and McKinley Ave Elementary School, the property sits between Florence Ave and Manchester Ave, providing easy access to a variety of popular neighborhood dining destinations, markets, and everyday conveniences. With separate homes, rear alley access, and future value-add potential, this property offers an attractive opportunity for investors seeking both immediate cash flow and long-term upside.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

2

PRICE/UNIT

$250,000

CAP RATE

4.71%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2 Homes on 1 Lot in South Central LA!

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,957 SF

ZONING

LAR2

APN/PARCEL ID

6023-032-025

ASK ABOUT THIS PROPERTY

Dana CoronadoCompass Commercial - Sherman OaksMore Info
310-562-9630

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Dana CoronadoCompass Commercial - Sherman OaksMore Info
310-562-9630

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