5748 Morley St Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90045
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,280 sqft
Price per Sqft $567
MLS Listing ID 25492937
Bedrooms 4
Year Built 1950
Lot Size 6,866 Sqft
Property Sub-Type Multi-Family
Property Description
** ONE VACANT UNIT & TWO VACANT GARAGES** 5748 Morley St is a 2,280-square-foot, 3-unit apartment building situated on a 6,864-square-foot LAR3 TOC Tier 3 lot, offering a great opportunity for investors or owner-occupants. Located south of Manchester Ave and west of the 405 freeway, the property is in a rapidly evolving pocket of Westchester, where new development continues to enhance the neighborhood's appeal.The building includes two 1-bed/1-bath units, one of which has been remodeled and is VACANT, along with a 2-bed/1-bath unit. Additionally, there are three garages, two of which are VACANT, offering potential for storage or conversion.With the passing of SB 1211, up to three ADUs can be added, creating an opportunity to increase rental income. Factoring in construction costs, the property is projected to operate at a 7.41% cap rate, making it an attractive value-add investment.This pocket is experiencing significant growth, with multiple new developments in progressincluding 16-unit projects at 8833 S Ramsgate Ave and 8900-8904 Ramsgate Ave, along with several others in the surrounding area. This would be perfect for an owner occupant or an investor looking to add value.
Location
State CA
County Los Angeles
Area Westchester
Zoning LAR3
Rooms
Other Rooms Other
Interior
Heating Wall Gas
Cooling Other
Equipment Range/Oven, Refrigerator
Exterior
Parking Features Carport, Garage - 3 Car
Garage Spaces 6.0
Others
Special Listing Condition Standard