Property Description

INVESTOR OPPORTUNITY. This fourplex is set in the heart of the vibrant Watts neighborhood in Los Angeles CA on a spacious lot, zoned RD2-1. The two upstairs units will be delivered vacant, which is ideal for investors that are ready to capture market rent with new lease agreements. Investors looking to own & occupy have an opportunity to collect rent from the other three units. The four unit projected gross rent is $90,000 annually. An owner occupant can leverage the projected gross rent from the other units which is estimated at $64,800 annually. Explore the potential for building new units on this wide and deep 5,503 sq/lot. One of the upstairs units includes two bedrooms and an open floor plan that was remodeled in 2024 with new floors, new paint, new appliances and recessed lighting. This is a gated and secure building with long term tenants in the two ground-level units and they are good neighbors. Those two ground-level units have washer/dryer connections. The RSO Certificate is valid. Each unit includes two parking spaces in tandem in the rear. This Watts community is rich with history that includes the Martin Luther King Jr. Community Hospital and the Charles R. Drew University of Medicine & Science, both are just around the corner. The Willowbrook/Rosa Parks Metro Station is just down the street. Hawkins House of Burgers is another historic hot-spot and it's walking distance from this fourplex. The Magic Johnson Park & Rec Center is nearby as well plus the iconic Watts Towers Arts Center. The Watts Neighborhood Council continues to make improvements to this community. There is quick access to the 110 and 105 freeways.

Property Features