3443 9th Ave 3 Unit Apartment Building $785,000 ($261,667/Unit) 3.14% Cap Rate Los Angeles, CA 90018

This property consists of a duplex and 3 rental incomes with long tern tenants. Main house consists of 3 bedrooms +1 bath Rear building is divided into (2) 1+1 units. There are 3 parking spots in the front driveway and 3 rear and 1 side parking spot in the rear of the property providing value add opportunity for increased revenue with parking spots scare for the neighborhood. Seller has submitted plans to the city of LA to add a 2nd story to main house and adding an ADU and a Jr. ADU unit. Approval will add a total of 8 bedrooms and 6 bathrooms to the property once developed. Strong central LA location within the Jefferson Park/ West Adams area well known for early 20th century homes and historic preservation Overlay Zone (HPOZ) in parts of the area. This appeals to the people who appreciate the architectural character & neighborhood identity. Easy commute access and commute to Downtown LA, Koreatown, USC, Culver City and surrounding employment hubs. Easy connection to the 10 & 110 freeways, Jefferson blvd and Western avenue. This area is predominantly residential homes with a mix of small multifamily properties. Increasing interst by investors and owner users. Strong rental demand driven by central location and transit access.