Property Description
Spacious 4 unit building in Pico/Crenshaw area of central Los Angeles, near Koreatown and Mid-Wilshire. Recent upgrades include a new roof around 4 years ago and a newer heating system. Building's current use is as a 12-room boarding house, grossing $7,606/month. There are 5 bathrooms ( 3 upstairs and 2 downstairs), and two communal kitchens, one on each floor. Seller pays all utilities, which average $1,000/month for water & electricity and $500/month for gas. There are at least 5 surface parking spaces. Situated on a 7,155 SF R3 lot with Tier 3 T.O.C. zoning for future development potential. Buyer to conduct their own due diligence and verify all square footages and permits.
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“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
TurboHome Fair Market Estimate
TurboHome Savings
$24,378
TurboHome Estimated Value
$1,412,600
$421 sqft
High Valuation
$1,483,230
$442/sqft
Normal Valuation
$1,412,600
$421/sqft
Low Valuation
$1,341,970
$400/sqft
3rd Party Estimates
Source | $/sqft | Valuation |
---|---|---|
HouseCanary | $421/sqft | $1,412,600 |
Get a detailed valuation report, schedule a tour or make an offer!
“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”
Location
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No comparable properties found in this area.
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