2810 Somerset Dr Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90016
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 4,643 sqft
Price per Sqft $258
MLS Listing ID 24-448595
Style Spanish
Bedrooms 4
Year Built 1929
Lot Size 6,290 Sqft
Property Description
This prime 4 unit asset located in the iconic West Adams neighborhood of Los Angeles is available. With a potential cap rate of 9.8, buying this building is a no-brainer from an investment perspective. Currently three units are occupied and one unit will be delivered vacant. Each unit has washer and dryer hookups in the unit and each unit has its own garage space (total 4 garage spaces) making it easy to rent out to prospective tenants. When you own buildings like this there will not be a lot of turnover. The units are almost 1200 sq feet each, could easily be converted into two bedrooms which would yield even more rent and an even better cap rate. There is space in the back for additional parking or to build an ADU to further get additional rents. If you're looking for a great as-is or value add investment then you don't want to miss this one.
Location
State CA
County Los Angeles
Area Mid Los Angeles
Zoning LARD1.5
Rooms
Other Rooms Other
Interior
Heating Central
Cooling Wall Unit(s), Wall/Window, Window Unit(s)
Flooring Wood, Wood Under Carpet
Equipment Dishwasher, Dryer, Washer, Stackable W/D Hookup
Exterior
Garage Assigned, Garage - 4+ Car
Garage Spaces 4.0
View Y/N Yes
View City, City Lights
Building
Story 2
Water Public
Others
Special Listing Condition Standard