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$ 749,000
Est. payment /mo
Price Dropped by $30K
860 W 73rd St. Los Angeles, CA 90044
5 Beds
3 Baths
5,602 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25270199
Bedrooms 5
Lot Size 5,602 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Excellent income-producing opportunity in the heart of South Los Angeles! This well-maintained duplex plus non-conforming studio generates $4,250 per month ($51,000 annually) with both units currently leasedmaking it ideal for investors, 1031 exchange buyers, or owner-occupants looking to house hack. The front unit features a 2-bedroom, 1-bath layout renting for $1,650/month. The rear unit, built in 2019, offers 3 bedrooms and 2 bathrooms with modern finishes and is rented for $2,600/month. A non-conforming studio provides additional upside income potential (buyer to verify), with estimated rent of approximately $1,200/month, bringing potential gross income to $65,400 per year. Investment highlights include an approximate GRM of 15.3, cap rate around 5%, and a price per square foot of $342, well below the neighborhood average of approximately $488/SF. Property features include separate electric meters, parking for up to 5 vehicles, and a 5,600 SF lot. Centrally located just minutes from the 110 Freeway, Downtown Los Angeles, SoFi Stadium, and major transit routes, this property benefits from strong rental demand and long-term growth potential. Do not miss this rare opportunity to acquire a cash-flowing property with upside in a prime South LA location. Buyer to verify all information and income potential.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Hoover and Florence
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 6020003001
Listed by Luis Carlos Hernandez Century 21 A Better Service