List Price: $3.65M

Listing Status: Active

Original List Price: $4.25M

Days on Market: 96

0 Bedrooms · 0 Bathrooms

Property Type: ResidentialIncome

Year Built: 1981

Lot Size: 11,206 sq ft

Private Pool: Yes

MLS Number: SB26003299

About This Property

Offered at an attractive basis of approximately $228,125 per unit, 2204 Slauson Avenue presents a compelling 16-unit multifamily investment opportunity in South Los Angeles. The property features a well-balanced unit mix of (6) Studio units and (10) One-Bedroom/One-Bathroom units, providing broad tenant appeal and consistent demand. Current in-place income delivers a strong 6.90% CAP rate and 9.65 GRM, offering immediate cash flow with room for future growth. The asset also presents meaningful upside potential, with projected market performance reaching a 7.63% CAP rate and 8.82 market GRM through rental optimization. This combination of stable existing income and value-add opportunity positions the property well for both long-term hold and yield-focused investors. Located in the Van Ness neighborhood of South Los Angeles, west of South Central and northeast of Inglewood, the property benefits from a central infill location with proximity to major employment centers, transportation corridors, and continued investment activity throughout the surrounding submarkets. 2204 Slauson Avenue offers investors a rare opportunity to acquire scale, cash flow, and upside at a compelling cost basis in a supply-constrained rental market.

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