Excellent value-add investment opportunity in centrally located South Lawndale, currently operating at a 5.6% CAP rate and 13.2 GRM. Exceptionally well-maintained Fourplex consisting of four 2-bedroom, 2-bathroom very spacious units. The two front units feature two-story layouts, while the rear units are single-level upstairs units. The property includes eight parking spaces in a rear carport with alley access, and a community coin-operated laundry room for additional income. Most of the units are fully remodeled. Recent capital improvements include new flooring in all the units and updated kitchens, enhancing tenant demand and long-term performance. Ideally located within walking distance to South Bay Galleria, restaurants, parks, schools, and the planned Metro Line extension, supporting strong rental stability and future appreciation.
Features
8 bedrooms
8 bathrooms
crop_free5777 sq. ft. lot size
cottageMulti-Family
Property history for 4724 West 173rd Street
2023
Sold
$1,600,000
31 Oct 2023 by Justin Bentley, of REALTY WORLD WILSON
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Local market activity for 8 bedroom multi families in Lawndale
Sold
For Sale
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