3683 S Victoria Avenue, Los Angeles, CA 90016

About this property

Unique opportunity to buy a 4plex in the heart of West Adams with 2 units delivered vacant, and the other 2 remodeled and getting market rents. Perfect for an owner user to live in 1 and rent the other 3, or for an investor to remodel the 2 vacant units, rent at market, and cash flow with 4 units at market rate. All 4 units are 2 Bed/1 Bath and identical size/layout with 4 garages in the back -- 3 of which are vacant and can provide future income for the next owner. In place cap rate of 5.70% when the 2 vacant units are rented at market, and a 6.05% cap rate if garages are leased & rented. Located just 1 block away from the Expo / Crenshaw Station and LAX K-Line for tenants to have easy transportation access throughout the city. Low operating costs as the property is separately metered for gas & electricity, and tenants pay for trash.

Listing description from the January 2024 sale, as reported to CRMLS.

Sale history

$1,372,000

Sold January 2024 · listed $1,395,000, on market November 2023 · MLS #23332599 · Source: CRMLS

Listing Agent: Jonathan Rawson · Listing Office: Avenue Realty Group · Contact: 310-310-8624 · Bought with: Jonathan Rawson · Avenue Realty Group

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