For Sale

Listed by Vivian Chaing and Mark Ehlers from Property Concierge

Source: Combined LA Westside Multiple Listing Service, Inc #25498713

233 W Century Blvd, Los Angeles, CA, 90003

$975,000

8
4
3224 sq. ft.
4419 sq. ft.

MultiFam

30+ days on the market

What's around 233 W Century Blvd

About this property

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.

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