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233 W Century Blvd

Los Angeles CA 90003

8
4
3224 sq. ft.
4419 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Amazing opportunity to acquire a well maintained four-unit building in South Los Angeles with significant upside in rents and additional value-add potential to add ADU's (buyer to verify). All four units are bread-and-butter two-bed, one-bath units. With long-term below-market rents and nearly 50% in upside to market potential (accessible in event of vacancy), this property presents a tremendous opportunity to reposition the building into better cash-flow and equity almost right away. With proximity to draws such as SoFi Stadium, and central to economic hubs in Downtown Los Angeles, Silicon Beach, and the South Bay, with all of Southern California accessible via nearby 110, 405, and 105 freeways, this Property presents an in-demand location that will command increasing rents for the foreseeable future. Additionally, this two-story building leaves much of the 4,419sf lot to parking, which can potentially be repurposed pursuant to SB1211 to maximize the income potential for a greater return on investment.

Features

8 bedrooms
4 bathrooms
3224 sq. ft. floor area
4419 sq. ft. lot size
Multi-Family

Property history for 233 W Century Blvd

2022
Sold
$850,000
25 Mar 2022 by Deborah Perkins, of Corcoran Global Living
2016
Sold
$490,000
26 Aug 2016 by Buy land with low payments

Happy sellers in Los Angeles

95%
95% of sellers in Los Angeles reported that their sale price either exceeded or met their price expectations.

Los Angeles stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Los Angeles over the last 12 months.

Local market activity for 8 bedroom multi families in Los Angeles

In the last 12 months, 5 eight-bedroom multi families similar to 233 W Century Blvd, have been sold.

This represents a 25% decrease in eight-bedroom multi families sales when compared to the previous 12 months.

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