Description
Excellent investment opportunity in the Manchester Square neighborhood of South Los Angeles! This fully occupied triplex features three single-level units, each offering 2 bedrooms and 1 bathroom, providing an established income with long term tenants. Each residence enjoys its own private laundry, separate utility meters, and tenants are responsible for their own utilities-an attractive setup for investors seeking simplified property management. The property also features onsite parking and a long driveway providing additional access and parking flexibility. Ideally situated within South Los Angeles with convenient access to major employment centers, transportation corridors, shopping, dining, and the greater Los Angeles area, this property offers both immediate income and long-term potential. The generous site may provide an opportunity to expand the existing improvements or construct additional units, including potential ADU opportunities, subject to applicable zoning, development standards, and City approvals. Buyer to independently verify all development possibilities. Property is being sold fully occupied with existing tenants in place, and estoppel certificates will be provided for the current tenancies. A compelling opportunity to acquire a three-unit Los Angeles investment property with individually metered units, tenant-paid utilities, onsite parking, and potential future upside.
Details
| MLS # | PW26209464 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 1930 |
| Days On Site | 39 |
| Listing Provided By | Compass | Aaron Mills |
Features
| SQ Feet | 2,528 |
|---|---|
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 2 |
| Acreage | 0.15 |
| Property View | None |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Interior Features | Tile Counters, All Bedrooms Down, Bedroom On Main Level, Walk In Closets |
| Appliances | Gas Oven, Gas Range, Water Heater |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition |
|---|---|
| Security Features | Smoke Detectors |
| Construction Materials | Stucco |
| Foundation Details | Raised, Slab |
| Lot Features | Level, Rectangular Lot |
| Fencing | Chain Link |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90047 |
| Area | 699 Not Defined |
| Listing VS Median (in 90047) | |
Price: $630,000 low | high Med: $734,500 sqft: 2,528 low | high Med: 1,153 $ / sqft: $249 low | high Med: $642 On site: 39 low | high Med: 92 | |
Market Activity 90047
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90047 |
| Area | 699 Not Defined |
| Listing VS Median (in 90047) | |
Price: $630,000 low | high Med: $734,500 sqft: 2,528 low | high Med: 1,153 $ / sqft: $249 low | high Med: $642 On site: 39 low | high Med: 92 | |
