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521 W 16th St

Los Angeles CA 90731

4
4
4385 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Don't miss this exceptional opportunity to own an income-producing fourplex located just a few blocks from Cabrillo Beach and within walking distance of local shops, restaurants, and neighborhood amenities. The property consists of two separate buildings, (total of four (4) units) each containing two one-bedroom, one-bathroom units(approximately 500 square feet each) Every unit features a cozy living room, kitchen, full bathroom, and in-unit washer and dryer hookups. Two of the units have been recently upgraded (as shown in the photos), and the property also benefits from a recently upgraded roof. All four units are currently occupied by long-term tenants, providing immediate and stable rental income. This is a great investment opportunity with strong long-term potential. In addition, there may be the possibility of converting a portion of the property into parking (buyer to verify all development potential and requirements with the appropriate governmental agencies). Please Note: Showings are by appointment only. Do not disturb the occupants. No viewing of the property will be permitted without a prior confirmed appointment.

Features

4 bedrooms
4 bathrooms
4385 sq. ft. lot size
Multi-Family

Property history for 521 W 16th St

2022
Sold
$775,000
24 Aug 2022 by Tamas Batyi, of Century 21 Union Realty
2019
Sold
$609,000
30 Apr 2019 by Bob Locke

Happy sellers in Los Angeles

92%
92% 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 12 reviews in Los Angeles over the last 12 months.

Local market activity for 4 bedroom multi families in Los Angeles

In the last 12 months, 10 four-bedroom multi families similar to 521 W 16th St, have been sold.

This represents a 28% increase in four-bedroom multi families sales when compared to the previous 12 months.

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(619) 566-0008
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