2810 Somerset Dr, Los Angeles, CA 90016 – 24-448595

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Marcia Alves

marcia@marciabrazil.com +1(702) 300-6969

$ 1,200,000

Est. payment | -/mo

4 Beds

4 Baths

4,643 SqFt

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$ 1,200,000

Est. payment | -/mo

Save

4 Beds

4 Baths

4,643 SqFt

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

Acres 0.1444

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

Architectural Style Spanish

Level or Stories Two

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Big Block Platinum

+1(702) 300-6969

marcia@marciabrazil.com

1780 W Horizon Ridge Pkwy # 100, Henderson, NV, 89012, USA