535 54th Street, Los Angeles, CA 90037
List Price: $700K
Listing Status: Active
0Days on Market: 0
6 Bedrooms · 5 Bathrooms · 2,128 sq ft
Property Type: ResidentialIncome
Year Built: 1923
Lot Size: 5,462 sq ft
Garage Spaces: 3
MLS Number: 226004317
About This Property
Three unit income property in South Los Angeles. Two buildings totaling 2,128 sq ft on a 5,462 sq ft LAR2 lot with 3 separate garages. All three units are two bedroom. Units 537 and 535 each have 1.5 baths and unit 535 1/2 has 1 bath. Two of the three have been updated. Current rents are $2,020 at unit 537, $1,352 at unit 535 1/2 and $1,254 at unit 535, a scheduled $4,626 per month and $55,512 annually. On two of the three units, a portion of the scheduled income is paid directly each month under a Housing Assistance Payment contract. Every unit is separately metered for gas, electric and water, so tenants carry all utilities and ownership carries none. Walk Score 96, minutes to the 110, USC, Exposition Park and Downtown. A great investment opportunity with established tenants and steady income already in place from day one.
Listing provided by: Renee Delgado DRE #01924649 (805) 419-3479 renee@yourcaliforniahome.com, Altera Real Estate Services
Source: CRMLS, MLS #: 226004317
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.