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We are pleased to present this cash flow opportunity in South Los Angeles. This seven unit building is grossing $8,500 per month with very low vacancy and maintenance costs. The unit mix which consists of a front house with 3 bedrooms and 1 bath and the other six units are all one bedroom one bath apartments. The complex is located east of Vermont Avenue between Manchester and Florence. It is adjacent to the brand new Class A County Administration Office Buildings on Vermont. This is a rent controlled area but there is still a lot of upside in the rents. This investment is being offered at an attractive GRM of 9.75 with a 6.76 CAP rate. At list price, this property provides a 9.29% cash on cash return. PLEASE DO NOT WALK THE PROPERTY OR DISTURB TENANTS.
Listing agent: Jerome McAlpin DRE #00939725 remvp@aol.com, Listing office: McAlpin & Company
MLS data updated 11/4/2026, 7:22:21 AM PT
Source: CRMLS, MLS #: 17198552
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Sep 20, 2017
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90044 · Nov 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.