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Matt O'Brien

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

$ 2,000,000

Est. payment | -/mo

11 Beds

11 Baths

7,420 SqFt

Save

$ 2,000,000

Est. payment | -/mo

Save

11 Beds

11 Baths

7,420 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 7,420 sqft

Price per Sqft $269

MLS Listing ID 26836809

Bedrooms 11

HOA Y/N No

Year Built 1922

Lot Size 9,936 Sqft

Property Description

Located in the heart of Los Angeles, this rare investment opportunity consists of two well-maintained apartment buildings: 1930 S. La Salle Ave featuring 8 units totaling approximately 4,444 SF, and 1935 Cordova St featuring 3 units totaling approximately 2,976 SF. The property also includes 7 garage parking spaces plus 2 additional uncovered parking spaces, providing valuable convenience for tenants in this highly desirable urban location. Despite the vintage character of the buildings, the property has been carefully maintained over the years and features a newer roof, stable occupancy, and strong long-term tenancy. With no current vacancies, this asset offers immediate and consistent cash flow while still presenting significant rental upside potential for investors seeking future income growth. Two of the units are Section 8 tenants, adding additional income stability. Situated in a quiet residential neighborhood with excellent access to the 10 and 110 Freeways, the property offers outstanding convenience to Downtown Los Angeles, Koreatown, USC, shopping, dining, and major employment centers. The location continues to attract long-term renters due to its central accessibility and neighborhood appeal. The property is known for its friendly, cooperative long-term tenants and easy day-to-day management. Tenant occupancy remains strong, and pride of ownership is evident throughout the property. Please do not disturb tenants. Tenants are not aware of the sale. Drive-by only. Property to be sold in its current "as-is" condition.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR2

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Flooring Carpet, Laminate

Fireplaces Type None

Fireplace No

Appliance Oven, Refrigerator

Laundry None

Exterior

Parking Features Uncovered

View Y/N No

View None

Total Parking Spaces 10

Building

Entry Level Multi/Split

Sewer Other

Architectural Style Craftsman

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5074027002

Financing Cash

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Jenny Yu Keller Williams Realty Los Feliz #01270838

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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1930 S La Salle AVE Los Angeles, CA 90018