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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 1,625,000

Est. payment | -/mo

10 Beds

6 Baths

4,320 SqFt

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$ 1,625,000

Est. payment | -/mo

Save

10 Beds

6 Baths

4,320 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,320 sqft

Price per Sqft $376

MLS Listing ID 26665641

Bedrooms 10

HOA Y/N No

Year Built 1913

Lot Size 6,316 Sqft

Property Description

2822-2824 S. La Salle Ave presents a rare opportunity to acquire a fully occupied, income-producing four-unit property in a centrally located South Los Angeles neighborhood near USC, Exposition Park, Downtown LA, and major transit corridors. Currently operating at 100% occupancy, the property offers strong in-place income of approximately $8,500 per month and an estimated NOI of approximately $96,832 based on current operations, equating to an approximate 5.4% cap rate for a self-managed owner. Set on an approximately 6,315 sq. ft. lot, the property combines stable day-one cash flow with meaningful long-term upside potential. The unit mix includes spacious 2- and 3-bedroom residences, all of which are well maintained, with two units having been updated in recent years. The property has benefited from consistent collections and long-term tenancy, supporting operational stability and tenant retention. From an investment perspective, the asset offers both immediate income and future optionality. Current ownership operates with an efficient expense structure, and investors may have the opportunity to further optimize performance over time. Additionally, California's evolving ADU regulations continue to create opportunities for additional units on multifamily properties, subject to city approval and site-specific feasibility. Buyer to verify all zoning, use, density, ADU potential, and development possibilities. The property's central location within a growing rental corridor near major employment hubs, universities, public transportation, and ongoing neighborhood investment positions it to benefit from sustained demand. A well-located, stabilized asset delivering strong current income with the potential for future growth and operational upside in one of Los Angeles' most dynamic rental markets. For investors seeking a well-performing asset in a high-demand Los Angeles corridor, this offering delivers both stability and potential. Inquire for details and availability.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR1

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Exterior

Parking Features None

Pool None

Total Parking Spaces 4

Private Pool No

Building

Faces West

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5053021011

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Scott Goshorn Rodeo Realty #01964409

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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2822 S La Salle AVE Los Angeles, CA 90018