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Keller Williams Realty Larchmont
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$975,000
233 W Century Blvd, Los Angeles, CA 90003
8 Beds
4 Baths
3,224
sq ft
.1
ac
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$975,000
233 W Century Blvd, Los Angeles, CA 90003
Estimation provided by Keller Williams Realty Inc.
8 Beds
4 Baths
3,224
sq ft
.1
ac
Active
For Sale
Property Description
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.
Assessed Value is a combination of the land and additions.
2023
$11,413
(+57.81%)
$867,000
Land 357,000 +
Additions 510,000
2022
$7,232
(+1.44%)
$524,304
Land 202,644 +
Additions 321,660
2021
$7,129
(+2.95%)
$524,304
Land 202,644 +
Additions 321,660
2019
$6,925
(+3.65%)
$518,929
Land 200,567 +
Additions 318,362
2017
$6,681
$498,780
Land 192,780 +
Additions 306,000
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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