$1,499,900

Estimated payment $9,491/month

Total Views 2,016
14 Beds
8 Baths
8,732 Sq Ft
$172 Price per Sq Ft

Highlights

  • Dual Staircase
  • Neighborhood Views
  • Cooling System Mounted To A Wall/Window
  • Fireplace in Primary Bedroom
  • Balcony
  • 5-minute walk to Julian C. Dixon Park

About This Home

Prime Investment Opportunity and income producing property. This well kept low maintenance 8 Unit apartment building consisting of 6 Units (2 bedrooms, 1 bath) and 2 Units (1 bedroom 1 bath) with long term tenants. Six of the eight tenants have been living here for ten plus years. All remodeled extensively around seven years ago, newer electrical, plumbing, interior and exterior, newer kitchens, bathrooms, tile, carpet, laminate flooring throughout, and much more. The roof on both buildings was replaced around 4 years ago and foundation reinforced. All units have their own water shut off valve and seven of the eight water heaters have been replaced. Rents are currently below market value, allowing upside in rental income for the new buyer. There is 4 units facing Wesley Ave and the other 4 units facing Hoover St. All separate electrical and gas meters. Nearby destinations include the University of Southern California, LA Memorial Coliseum, BMO Stadium, Exposition Park, Lucas Museum of Narrative Art, Natural History Museum, and California Science Center. For commuters, the 10 and 110 Freeways are minutes away, providing access throughout Greater Los Angeles.

Listing Agent

Jose Leon

Pak Home Realty Brokerage Phone: 323-490-0230 License #01813677 Listed on: 07/24/2025

Pak Home Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1912 | Remodeled

Lot Details

  • 7,832 Sq Ft Lot
  • 1 Common Wall
  • Wrought Iron Fence

Home Design

  • Apartment
  • Entry on the 1st floor
  • Cosmetic Repairs Needed
  • Shingle Roof

Interior Spaces

  • 8,732 Sq Ft Home
  • 2-Story Property
  • Dual Staircase
  • Living Room
  • Neighborhood Views

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 14 Bedrooms
  • Fireplace in Primary Bedroom
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Kitchen

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 57
  • Tax Tract Number 57
  • Assessor Parcel Number 5018001014
  • $1,511 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 8 Units

Building Details

  • 8 Leased Units
  • Rent Control
  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $2,603
  • Water Sewer Expense $2,480
  • Gross Income $147,204

Property Details

Home Type

Multi-Family

Year Built

Built in 1912 | Remodeled

Lot Details

0

Listing Details

  • Price Per Unit: 187488
  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 2480.00
  • Zoning: LAR3
  • Property Condition: Repairs Cosmetic, Updated/Remodeled
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5018001014
  • Year Built: 1912
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: 2 Staircases, Balcony
  • Stories: 2
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Flooring: Carpet, Tile
  • Entry Level: 1
  • Fireplace Features: Primary Bedroom
  • Levels: Two
  • Price Per Square Foot: 171.77
  • Room Type: Kitchen, Laundry, Living Room

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Wrought Iron
  • Pool Private: No
  • Roof: Shingle
  • Spa: No

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: In Kitchen, Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7832.00
  • Lot Size Acres: 0.1798

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas

Multi Family

  • Gross Income: 147204.00
  • Gross Scheduled Income: 147204.00
  • Insurance Expense: 2603.00
  • Lot Size Area: 7832.0000 Square Feet
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 8
  • Number Of Units Total: 8
  • Rent Control: Yes
  • Total Actual Rent: 12267.00

Tax Info

  • Tax Census Tract: 2321.10
  • Tax Lot: 57
  • Tax Tract Number: 57
  • TaxOtherAnnualAssessmentAmount: 1511.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 For Sale $1,499,900 -- $172 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW25166631

California Regional Multiple Listing Service (CRMLS)