5406 Blackwelder Street

  • Los Angeles

  • $1,215,000
Share

Residential Income Details

Description
BACK ON MARKET! BUYER COULD NOT PERFORM. 5406 Blackwelder is a fully occupied 4-unit apartment building located on a quiet street in the desirable West Adams neighborhood of Los Angeles. The 3,224 sqft building sits on a 4,802 sqft lot, and has a desirable unit mix of (1) 3-bed/2-bath unit, (2) 2-bed/1-bath units, and (1) 1-bed/1-bath unit. In addition to strong in-place rental income of almost $75,000 per year, there is significant opportunity for upside, as 3 of the 4 units are 40-50% below market rents. One of the 2 bedroom units was recently renovated. Independently metered for gas and electricity. The property is directly adjacent to Culver City and a few blocks from 2 Expo Line light rail public transportation stops that go directly to Culver City/Santa Monica to the west and USC/DTLA to the east. This is a unique opportunity to own a low-maintenance apartment building with strong in-place cash flow in a rapidly improving neighborhood. Do not disturb tenants. Drive by only.
Essential
MLS #SB18114199
Price$1,215,000
Number of Units4
Sale TypeStandard
StatusPending
Listing BrokerageManhattan Pacific Realty, Inc.
Listing AgentMax Fitzgerald
Listing Agent BRE #01968956
Interior
Exterior
Garage Spaces0
PoolNone
Community
AreaC16 - Mid Los Angeles
CommunitySidewalks,Storm Drains,Street Lighting
Address5406 Blackwelder Street
CityLos Angeles
CountyLos Angeles
StateCA
ZipCode90016
School

InquireNow

We ensure your contact information is kept secure.

Based on information from California Regional Multiple Listing Service, Inc. as of Monday, August 13, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.