7,226 Sqft Lot
7,226 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26020163
HOA Y/N No
Year Built 1964
Lot Size 7,226 Sqft
Property Sub-Type Multi Family
Property Description
Introducing a 14-unit multifamily building located in the highly desirable University Park area, a recognized historic district known for its character, architectural significance, and long-term stability. This is a major value-add project offering a rare opportunity for seasoned investors and developers to acquire and reposition a sizable asset in one of the area's most sought-after neighborhoods.
The property requires a full rehabilitation, allowing a new owner to redesign, upgrade, and strategically reposition the building to meet today's rental demand. This is a large-scale project, ideal for investors looking to maximize returns through a comprehensive renovation. A key advantage: all reports are already completed and available, providing transparency and a smoother path
University Park continues to experience strong appreciation and rising rental demand, driven by its historic designation, proximity to major universities, downtown, transit corridors, and ongoing revitalization efforts. Fully renovated multifamily properties in this area command premium rents and show consistent long-term value growth. Once rehabbed, this asset has the potential to become a high-performing income property with both immediate cash flow and significant equity upside.
Historic multifamily assets in central, high-demand locations are becoming increasingly scarce. Investors who successfully execute projects like this often see substantial increases in property value, long-term rent stability, and strong resale potential. This is the type of opportunity that creates generational wealth
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Fireplace No
Laundry Common Area
Building
Lot Description 0-1 Unit/Acre
Story 3
Water See Remarks
Others
Tax ID 5124008020
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Nearby Locations
- 9
Equitas Academy Charter
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Hoover Street Elementary
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Dr. Sammy Lee Medical and Health Science Magnet
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Equitas Academy Charter #2
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Wilshire Park Elementary
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Kim Elementary School
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Cahuenga Elementary School
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Menlo Avenue Elementary
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Downtown Value
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Thirty-Second Street Usc Performing Arts
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Betty Plasencia Elementary
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20th Street Elementary School
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Wilton Place Elementary
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Bright Elementary School
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Rise Kohyang Middle School
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- 2
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- 1
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Orthopaedic Hospital
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Ramon C. Cortines School of Visual and Performing
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Usc Hybrid High School
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Belmont Sh-la Teacher Preparatory Academy
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Camino Nuevo Charter High School
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Roybal Learning Center
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RFK Community Schools - Los Angeles High School of the Arts
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Synergy Quantum Academy
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Santee Education Complex
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