21
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$749,900
Est. payment /mo
1 Bed
1 Bath
0.28 Acres Lot
New
8201 Morton Los Angeles, CA 90001
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID IG26227356
Bedrooms 1
Lot Size 0.276 Acres
Property Sub-Type Res Income 2-4 Units
Property Description
INVESTOR SPECIAL / VALUE-ADD MULTIFAMILY OPPORTUNITY! Incredible investment potential located in the Florence-Firestone area, just blocks from Huntington Park. This 6-unit property offers massive upside with an estimated After Repair Value (ARV) exceeding three times the current price. The unit mix consists of six (6) 1-Bedroom / 1-Bathroom units situated on an expansive 12,030 sq. ft. lot (over 1/4 acre) zoned LCR2YY. Building size is approximately 3,264 sq. ft. Five (5) units are currently occupied generating immediate rental income, while one (1) unit is vacant, offering an ideal opportunity for owner-occupancy ("house hacking") or immediate renovation to capture top market rents. Each unit features separate gas and electric meters. Owner currently pays water, with tenant overage reimbursement terms in place. Prime candidate for a heavy value-add renovation, capital appreciation, and long-term portfolio growth. Buyers to verify all listing info, zoning, permits, and potential development rules with LA County. Do not disturb tenants.
Location
State CA
County Los Angeles
Zoning Assessor
Direction 710N to 105W Exit Wilmington, then on imperial hwy R, Alameda LEFT
Interior
Heating Baseboard
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Ulises Vega, DRE#01757104 Keller Williams Realty
NEARBY SCHOOL & BUSINESS
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