$ 959,000
-
$959,000
Price -
8
Bed -
4
Bath -
2,544
SqFt
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About the Listing CLW-X83832 - CLW-C129950
Exceptional Value-Add Fourplex in the Heart of South Los Angeles!Pride of ownership shines throughout this well-maintained four-unit investment property, offered for sale for the first time in many years by the same family. Featuring four spacious 2-bedroom, 1-bath units, this fully occupied asset offers immediate, reliable cash flow with long-term tenants who have an excellent history of on-time rent payments.The property offers outstanding curb appeal with a freshly painted exterior, secure gated entry, covered parking, and attractive drought-tolerant landscaping, all situated directly across from a neighborhood park that enhances the tenant experience.Two units have been tastefully maintained, while two offer an excellent opportunity for cosmetic improvements, allowing the next owner to increase value and maximize future rental income. Separate gas and electric meters minimize operating expenses, with the seller currently responsible for only water and trash.Located on an LCR3YY-zoned lot, this property presents exciting long-term upside, including the potential to add an Accessory Dwelling Unit (ADU) or further enhance the site (buyer to independently verify all development possibilities with the City of Los Angeles).Conveniently located near schools, shopping, public transportation, major freeways, and Downtown Los Angeles, this is an outstanding opportunity for investors seeking stable income today with significant future appreciation and value-add potential.Property Highlights:* Four spacious 2-bedroom, 1-bath units* Fully occupied with long-term, reliable tenants* Strong history of on-time rent payments* Freshly painted exterior with excellent curb appeal* Secure gated entry and covered parking* Separate gas and electric meters* Seller pays only water * Directly across from a neighborhood park* LCR3YY zoning with potential ADU/development opportunities (buyer to verify)Please do not disturb tenants. Drive-by only. Interior inspection subject to an accepted offer. Buyer to independently verify all information, including square footage, zoning, permits, rent control status, development potential, and all aspects of the property.
Listing Highlights
Status
Active
Days on Site
7
Property Type
Multi-Family
MLS ®
26853219
Year Built
1959
Total Square Footage
2,544
Lot/Acreage
0.13
County
Los Angeles
Area
C42 - Downtown L.A.
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Rectangular Lot,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 8
- Zoning: LCR3YY
- Roof: Shingle
- Others: Repairs Cosmetic,Stucco,2+ Total Units,Has ADU
- Sewer: Sewer Tap Paid
- Parking Features: Carport
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 6008031026
- Tax Year: N/A
Payment Calculator
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Questions About..
6214 Hooper Ave Los Angeles, CA 90001
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