145 West Colden Avenue

Los Angeles CA 90003

3132 sq. ft.

6598 sq. ft.

Other

Currently for sale - view listing

Overview

We are pleased to present the exceptional opportunity to acquire a fully occupied 5-unit multifamily property in the Broadway-Manchester neighborhood of South Los Angeles. Built in 1960, this property features (1) 3Bed/1 Bathroom Unit and (4) 2Bed/1 Bathroom Units. Together, they offer a total of 3,132 square feet of rentable space on a 6,596 square foot lot. Security and convenience are paramount, with features such as separate metering for gas and electricity, gated controlled access, and an on-site parking lot with (7) spaces. With an average rent of $980 per unit, this opportunity provides an astute investor the potential to capture 113% upside in rental income as tenants move or relocate. Strategically located just north of West Century Blvd and east of South Broadway, the property enjoys seamless connectivity to the 110 and 105Freeways, facilitating convenient access to all corners of Greater Los Angeles. Tenants are also within a short distance to multiple bus stops along Main St. and Colden Ave.