Residential Income Details
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.
|Number of Units||4|
|Listing Brokerage||Manhattan Pacific Realty, Inc.|
|Listing Agent||Max Fitzgerald|
|Listing Agent BRE #||01968956|
Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, August 16, 2018.
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