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$ 2,100,000
Est. payment | /mo
14 Beds
7,225 Sqft Lot
$ 2,100,000
Est. payment | /mo
14 Beds
7,225 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26014675
Bedrooms 14
Lot Size 7,225 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
RARE INVESTMENT OPPORTUNITY UNIVERSITY PARK (HISTORIC DISTRICT) ??? Introducing a 14-unit multifamily building located in the highly desirable University Park area, a recognized historic district known for its character, architectural significance, and long-term stability. This is a major value-add project offering a rare opportunity for seasoned investors and developers to acquire and reposition a sizable asset in one of the areas most sought-after neighborhoods. The property requires a full rehabilitation, allowing a new owner to redesign, upgrade, and strategically reposition the building to meet todays rental demand. This is a large-scale project, ideal for investors looking to maximize returns through a comprehensive renovation. A key advantage: all reports are already completed and available, providing transparency and a smoother path toward planning, budgeting, and execution. University Park continues to experience strong appreciation and rising rental demand, driven by its historic designation, proximity to major universities, downtown, transit corridors, and ongoing revitalization efforts. Fully renovated multifamily properties in this area command premium rents and show consistent long-term value growth. Once rehabbed, this asset has the potential to become a high-performing income property with both immediate cash flow and significant equity upside. Historic multifamily assets in central, high-demand locations are becoming increasingly scarce. Investors who successfully execute projects like this often see substantial increases in property value, long-term rent
Location
State CA
County Los Angeles
Zoning Assessor
Direction university park
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 3
Level or Stories 3
Others
Senior Community No
Tax ID 5124008020
Acceptable Financing Cash
Listing Terms Cash
Listed by Ivette Bertin Luxury Collective
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "