5406 Blackwelder Street, Los Angeles, CA 90016

$1,200,000
List Price
$1,200,000
Status
ACTIVE
MLS#
SB18114199
Year Built
1965
Lot Size
4,802
Lot Location
Front Yard, Near Public Transit
Days on Market
5
Property Type
Multifamily

Property Description

5406 Blackwelder is a fully occupied 4-unit apartment building located on a quiet street in the desirable West Adams neighborhood of Los Angeles. The 3,224 sqft building sits on a 4,802 sqft lot, and has a desirable unit mix of (1) 3-bed/2-bath unit, (2) 2-bed/1-bath units, and (1) 1-bed/1-bath unit. In addition to strong in-place rental income of almost $75,000 per year, there is significant opportunity for upside, as 3 of the 4 units are 40-50% below market rents. One of the 2 bedroom units was recently renovated. Independently metered for gas and electricity. The property is directly adjacent to Culver City and a few blocks from 2 Expo Line light rail public transportation stops that go directly to Culver City/Santa Monica to the west and USC/DTLA to the east. This is a unique opportunity to own a low-maintenance apartment building with strong in-place cash flow in a rapidly improving neighborhood. Do not disturb tenants. Drive by only.

Additional Information

Tract Number
2199
Lot Description
Sidewalks, Storm Drains, Street Lighting
Pool Description
None
Water
Public
Attached Structure
Attached

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Max Fitzgerald from Manhattan Pacific Realty, Inc.

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.