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Glen Henderson

[email protected] +1(619) 889-7646

$1,200,000

Est. payment - /mo

8 Beds

4 Baths

6,236 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW26079503

Bedrooms 8

Lot Size 6,236 Sqft

Property Sub-Type Res Income 2-4 Units

Type of Financing Conventional

Property Type Res Income 2-4 Units

Property Description

SHORT SALE SUBJECT TO LENDER APPROVAL 3403 Stocker Street presents a compelling value-add multifamily opportunity in the desirable Leimert Park submarket of Los Angeles, ideally positioned between West Adams and South Los Angeles. Situated on a 6,236 square foot lot, the property consists of approximately 4,806 rentable square feet across four units. The property sold in November 2024 for $1,750,000 - current ownership is selling at a loss. The asset has benefited from recent capital improvements including a new roof and foundation work - providing a strong base for an investor to complete the remaining renovations. The property is comprised of four 2-bedroom / 1-bathroom units, with the potential to convert units into 2-bedroom / 2-bathroom layouts (buyer to verify). Three units will be delivered vacant and are currently in shell condition, offering immediate renovation upside. Ownership has already completed partial electrical upgrades, including rewiring in two units and near-complete panel replacements. 3403 Stocker Street offers investors a rare opportunity to acquire a repositioning asset in a supply-constrained rental market with strong underlying demand. By completing renovations and optimizing operations, a new owner can unlock significant rental upside and long-term value in one of Los Angeles most steadily appreciating neighborhoods.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction On the Corner Of Degnan Blvd and Stocker St W

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5024013009

Acceptable Financing Conventional

Listing Terms Conventional

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Listed by Woody Stahl, DRE#01399621 Lyon Stahl Investment Real Est

Nearby School & Business

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

3403 Stocker Los Angeles, CA 90008

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information