$1,139,000
1819 Workman St Street Los Angeles, CA 90031
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Listed by Martin Gavilanes • MARTIN G. GAVILANES, BROKER
$1,139,000
Est. payment /mo
7,499 SqFt
Active
1819 Workman St Street Los Angeles, CA 90031
UPDATED:
06/10/2024 03:59 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,499 sqft
Price per Sqft $151
MLS Listing ID CRCV24099913
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1887
Lot Size 7,501 Sqft
Property Description
GREAT INVESTMENT OPPORTUNITY! Property with a lot of potential. Rental income will pay itself off. First time on market since 40 years ago. This income property is located at less than a mile from LAC+USC Medical Center and only 10 minutes form Downtown LA and Chinatown. This neighborhood has gone through gentrification; completely surrounded by newly constructed houses and income units. Great family neighborhood near schools, churches and freeway access with high demand from renters. Near bus stops. CAP RATE 5.15 % This income property consists of 6 units, of which two units are facing the street and one of them has 3 bedrooms and 1 bath, perfect for a big family. There is a small house in the immediate back that is rented as a one bedroom/one bath apartment with adjacent storage shed plus 3 back units with 3 one car garages in the very rear. This property has a new roof, new plumbing, and the two front units have been remodeled 4 years ago and freshly painted last year. This is a 1031 Exchange.
Location
State CA
County Los Angeles
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplace No
Appliance Gas Water Heater
Laundry No Hookups
Exterior
View None
Handicap Access Other
Parking Type Assigned
Building
Lot Description Other
Water Public
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