603 W 75th, Los Angeles, CA 90044

$699,999

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List Price
$699,999
Price Change
▼ $99,001 1785294630
Status
ACTIVE
MLS#
WS26038716
Year Built
1912
Lot Size
7,008
Acres
0.16
Lot Location
0-1 Unit/Acre
Days on Market
156
Property Type
Multifamily
Property Sub Type
Apartment

Property Description

An excellent 5 units rental income property in Florence neighborhood of Los Angeles for sale. It is a great investment or development opportunity. The property comprises of a front single unit (3 Bed / 1 Bath) and a rear four-unit (All 2 Bed / 1 Bath). Rents across all units are significantly below market, offering a potential upside upon turnover. This gated property also sits on a 7006 square feet lot with 10 parking spaces. 601 & 603 W 75th St is centrally located just 4 miles from USC and Downtown Los Angeles with convenient access to the 110 freeway. Shopping, schools, EXPO PARK, CRYPTO Arena, LAX, BMO Stadium, LA Memorial Coliseum, LAFC, and Microsoft Theater are only minutes away. Hurry! Don't miss this amazing investment opportunity!

Additional Information

Pool Description
None
Sewer
Public Sewer
Water
Public
Attached Structure
Detached
Number Of Units Total
5
Gross Scheduled Income
$59,028
Operating Expense
21550

Listing courtesy of Listing Agent: REX CHAN (rex.re20@brokerrex.com) from Listing Office: SOPHIS REAL ESTATE, INC..

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Calculator source: Real Geeks

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.