Los Angeles, CA 90061,447 W 118th Place
Los Angeles, CA 90061,447 W 118th Place
Los Angeles, CA 90061,447 W 118th Place
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$575,000
Est. payment /mo
3 Beds
1,610 SqFt
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Key Details

Property Type Single Family Home

Sub Type OTHER

Listing Status Active

Purchase Type For Sale

Square Footage 1,610 sqft

Price per Sqft $357

MLS Listing ID CL25570959

Bedrooms 3

HOA Y/N No

Year Built 1948

Lot Size 3,992 Sqft

Acres 0.09

Property Sub-Type OTHER

Property Description

451 W 118th Pl, a triplex located in the Harbor Gateway North neighborhood of South Los Angeles. Built in 1948, the property is comprised of (3) one-bedroom / one-bathroom units with dual private entrances, a front door and a back door. A gated paved patio space offers parking for up to (5) cars. Unit 447 pays $1,047/month, unit 449 pays $1,122/month, and unit 451 pays $1,458/month. Future investors can capitalize on 36% of rental upside to meet the market with future rent increases. The roof is in good condition, per seller, and the exterior has been recently painted. The units are separately metered for electricity and gas and have laundry hookups (no machines currently installed). The property is located on a corner lot in a cul-de-sac off of the East side of Figueroa St, with direct access to the 105 & 110 freeways, making it convenient for tenants to commute. This asset offers an opportunity for an investor, particularly an entry-level buyer, to acquire a set of apartments that offer significant rental upside at a lower price point within Los Angeles.

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Heating None

Cooling No Air Conditioning

Fireplace No

Exterior

Total Parking Spaces 5

Building

New Construction No

Others

Tax ID 6088015018


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Bridge MLS
Listed by Jake Glaser • Lyon Stahl Investment Real Estate, Inc.

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447 W 118th Place