REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,297,000
Est. payment | /mo
4,092 SqFt
$ 1,297,000
Est. payment | /mo
4,092 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 4,092 sqft
Price per Sqft $316
MLS Listing ID CL26651257
HOA Y/N No
Year Built 1965
Lot Size 7,200 Sqft
Acres 0.17
Property Sub-Type Other
Property Description
*** PRICE ADJUSTED BY $52,000 *** SWI Realty is proud to present a great opportunity to acquire a bread & butter multifamily asset with the potential to greatly raise the gross income by approximately 140%. HACLA Section 8 pays $2,887 for 2 bedrooms & $2,289 for a 1 bedroom. This asset is located in the highly sought after South Bay market. Built in 1965, the property features six (6) 2 bedroom 1 bathroom units PLUS the ability to build a 1 bedroom ADU. Seller has approved plans and Ready To Issue (RTI) permit to resubmit. Each unit is separately metered for gas and electrical. Main plumbing line from front to rear of property is copper. Unit #3 has pex & copper plumbing...work was completed approximately 18 months ago. All units have new sub panels which were installed approximately 2 years ago. Exterior of property was painted February 2026. Laundry facility at rear of property. The asset sits in a submarket with high demand for renovated units which provides a clear path to market rate rent increases. Current gross income of $97,953 can potentially become $235,332 by turning units and working with Section 8. Freeway accessibility to the 110, 405 & 105 which provides access to Long Beach, Redondo Beach, Manhattan Beach, LAX & Downtown LA. Walking distance to Normandie Park Recr
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Cooling None
Fireplace No
Building
New Construction No
Others
Tax ID 7347013008
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Adrian Torres • Success With Integrity Realty
Nearby Locations
GET MORE INFORMATION
AnnMarie Barajas
Partner | Lic# DRE# 01898810