1491 Stadium Way,Los Angeles, CA 90012
Los Angeles, CA 90012
Description
Exceptional value-add investment opportunity to acquire a 5-unit multifamily property in a desirable Los Angeles location. Situated at 1491 Stadium Way, this property offers a total of 7 bedrooms, 5 bathrooms, and approximately 3,296 square feet of living space. Ideally located near Dodger Stadium, Downtown Los Angeles, China Town, Elysian Park, and major transportation corridors, including the 110 Freeway, the property benefits from convenient access to employment centers, dining, shopping, entertainment, and public transportation. The property features separate gas and electric meters, helping to reduce owner utility expenses and simplify property management. The property is currently tenant-occupied with rents below prevailing market rates, presenting investors with the potential for future income growth, subject to applicable laws, tenant rights, and local regulations. Competitively priced to reflect its current income and tenancy profile, this offering presents an excellent opportunity for investors seeking a well-located multifamily asset with long-term upside potential in one of Los Angeles' most established rental markets. Buyers are encouraged to independently verify all information, including unit count, square footage, rents, expenses, permits, zoning, and condition of the property.
Details
| MLS # | AR26118482 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1974 |
| Days On Site | 77 |
| Listing Provided By | The One Luxury Properties | Mulyani Ang |
Features
| SQ Feet | 3,296 |
|---|---|
| Story(s) | 2 |
| Units | 15 |
| Building(s) | 5 |
| Acreage | 0.12 |
Exterior
| Lot Features | Two To Five Units Acre, Near Public Transit |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90012 |
| Area | 699 Not Defined |
| Listing VS Median (in 90012) | |
Price: $998,888 low | high Med: $1,250,000 sqft: 3,296 low | high Med: 3,757 $ / sqft: $303 low | high Med: $333 On site: 77 low | high Med: 57 | |
Market Activity 90012
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90012 |
| Area | 699 Not Defined |
| Listing VS Median (in 90012) | |
Price: $998,888 low | high Med: $1,250,000 sqft: 3,296 low | high Med: 3,757 $ / sqft: $303 low | high Med: $333 On site: 77 low | high Med: 57 | |
