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$ 899,000
Est. payment | /mo
8 Beds
7 Baths
1,827 SqFt
$ 899,000
Est. payment | /mo
8 Beds
7 Baths
1,827 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,827 sqft
Price per Sqft $492
MLS Listing ID 25543155
Bedrooms 8
HOA Y/N No
Year Built 1924
Lot Size 5,462 Sqft
Property Description
Located at 1723-1725 W 52nd Street in the rapidly evolving neighborhood of South Los Angeles, this cash-flowing duplex with a converted garage offers an existing 7.80% cap rate and 8.86 GRM. The building's current configuration generates strong rents, as the previous owner added 5 bathrooms, kitchenettes, and exterior entrances to the front building and detached garage. Priced to sell as a duplex, a new owner will benefit from a property with 5 legal units and additional square footage once the ADU registrations are completed. The current owner is in the process of registering 3 additional units for a total of 5 units. A junior ADU will be attached to the back of the original duplex building. The former garage will become 2 detached ADUs. Each unit can enjoy its own assigned parking space at the front of the property. Currently, the property has 5 units rented as studios. There are 2 vacant studio units and 1 vacant 2-bedroom, 1-bathroom unit. The property can be delivered vacant, allowing a new owner to renovate the vacant units or rent them out in their current condition. This blended strategy is ideal for the savvy investor looking to capitalize on strong cash from day one as well as potentially add value through renovated units, legalizing non-conforming square footage, and/or adding new ADU units. *Buyer to conduct own due diligence and verify all information that is provided for reference purposes only.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAR2
Interior
Heating None
Fireplace No
Exterior
Parking Features Uncovered
Total Parking Spaces 5
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5003005023
Special Listing Condition Standard
Listed by Nicole Lu Maher Commercial Realty
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