1571 E 118th Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90059
Key Details
Property Type Townhouse
Sub Type Townhome
Listing Status Active
Purchase Type For Sale
Square Footage 1,954 sqft
Price per Sqft $468
MLS Listing ID IV25233881
Bedrooms 6
Full Baths 3
Year Built 1937
Lot Size 6,859 Sqft
Property Sub-Type Townhome
Property Type Townhome
Property Description
Welcome to 1571 E 118th St, Los Angeles, CA 90059 a cash-flowing investment property located in the heart of South Los Angeles. This well-maintained multi-unit property generates an impressive $8,000/month in rental income, making it ideal for investors seeking strong returns from day one. The property features two spacious units, both occupied with long-term tenants, and a 3-car garage that has been converted into a 1 bed / 1 bath studio (un-permitted). The studio offers additional rental potential or the opportunity to explore ADU legalization for even greater upside. Set on a large 6,859 sq. ft. lot, this property offers ample parking and flexible use options. All units are separately metered, providing cost efficiency and control. Located near major freeways, shopping, and public transportation, this property is perfectly positioned within a high-demand rental corridor of Los Angeles. Investors will appreciate the steady rental market, consistent appreciation, and future upside this property provides. Dont miss this opportunity to secure a high-yield, cash-flowing asset with built-in upside in one of L.A.s most promising submarkets.
Location
State CA
County Los Angeles
Direction Off of Compton ave
Interior
Cooling Central Forced Air
Fireplace No
Appliance Dryer,Washer
Laundry Electric,Gas,Washer Hookup,Gas & Electric Dryer HU
Exterior
View Y/N Yes
Water Access Desc Public
Building
Story 1
Sewer None
Water Public
Level or Stories 1
Others
Tax ID 6149010021
Special Listing Condition Standard