Value-Add Investment Opportunity – 9 Units + Bonus Lot
This 9-unit multifamily property includes an adjacent lot, presenting a prime value-add opportunity in a high-demand rental market. Ideal for investors looking to maximize returns through renovation and repositioning, this property offers strong cash flow with rental upside and future development potential.
Investment Highlights:
- 9 existing units with stable rental income
- Bonus adjacent lot included at 5886 S. Figueroa Street (APN 6004-036-016) – currently used for parking, ideal for expansion
- Significant value-add potential – opportunity for renovations and increased rents
- Potential to develop up to 34 low-income housing units
- Recent capital improvements:
• New electrical wiring & panels (2-3 years ago)
• Partially upgraded plumbing – new PEX water supply lines
• New roof – 30-year double-layer roll system
-Strategic Location & Market Potential:
• Emerging neighborhood with increasing demand for affordable housing
• High cap rate potential – ideal for investors seeking strong ROI
• Surrounded by retail, public transportation, and major employment centers
This is a great opportunity to acquire a stable income-generating asset with upside potential. Motivated seller – all offers encouraged!