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633 West 75th Street

Los Angeles CA 90044

5
2
4
1800 sq. ft.
7008 sq. ft.
Other
Currently for sale - view listing

Overview

Maximize your real estate portfolio with this rare Los Angeles investment opportunity. This property features fully occupied, market-rate units and verified city approval to build new structures completely exempt from rent control. Currently 4.26 CAP Rate. Enjoy immediate, stable cash flow with a clear, paved path to build your next premium income stream. The existing gated property features a charming two-story building consisting of two updated units, (1) 2 bedroom and (1) 3 bedroom, 1 bathroom units. This gated complex sits on a tree lined street and has a welcoming front lawn, ample driveway parking and lot backs into an alleyway. The approved plans allow for the construction of a 2 story brand-new development. The new project will feature (4) 1 bdr, 1 bath units and (2) 2 bdr, 2 bath ADUs, each thoughtfully designed to meet the needs of modern urban living. The new building will encompass approximately 3,700 square feet on a 7006 SF square foot lot. One unit can be delivered vacant or the two front units will generate income while you build out the new units. . This property is situated just minutes from USC, LATCC, University of West LA and CAL State LA. Not to mention it is minutes from LA Memorial Coliseum, BMO Stadium , SoFi Stadium, Kia Forum, Intuit Dome, Crypto.com Arena, Dodger Stadium, and more! The property location benefits from a strong demand for rental housing offering significant long-term growth potential. This is a great opportunity for anyone looking to invest in income property in Los Angeles!

Features

5 bedrooms
2 bathrooms
4 carspaces
1800 sq. ft. floor area
7008 sq. ft. lot size
Other

Property history for 633 West 75th Street

2022
Sold
$765,000
18 Oct 2022 by David Hitt , of Keller Williams Larchmont

Happy sellers in Los Angeles

~%

We have insufficient information to provide an overview of customer satisfaction for Los Angeles. Viewing the agent profiles, reviews and sales for Los Angeles can provide insights for this location.

Local market activity for 5 bedroom other properties in Los Angeles

In the last 12 months, 2 five-bedroom other properties similar to 633 West 75th Street, have been sold.

This represents a 72% increase in five-bedroom other properties sales when compared to the previous 12 months.

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(619) 566-0008
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