5748 Morley St - Apartments FOR SALE


Los Angeles, CA 90045
$1,295,000 USD
310-561-2384
5748 Morley St, Los Angeles, CA for Sale
$1,295,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

5748 Morley St
Los Angeles, CA 90045


HIGHLIGHTS

  • VACANT Remodeled 1-Bed/1-Bath Unit & Two Vacant Garages, giving a buyer an opportunity to convert into ADUS.
  • The building Comprises of (One) 2-Bed/1-Bath Units & (Two) 1-Bed/1-Bath Units
  • 6,864-SF Lot Zoned LAR3 TOC Tier 3 - Build up to 15 Units.
  • 6 Parking Available and 3 Garages.
  • Located South of Manchester Ave, North of Arbor Vitae and is in close proximity to Play Vista, Loyal Marymount University and Otis College

OVERVIEW

** 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 progress including 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.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$568 USD /SF

# OF UNITS

3

PRICE/UNIT

$431,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LAR3 TOC TIER 3

APN/PARCEL ID

4125-011-017

ASK ABOUT THIS PROPERTY

David MessiahLyon Stahl Investment Real EstateMore Info
310-561-2384

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

David MessiahLyon Stahl Investment Real EstateMore Info
310-561-2384

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.