4161 Marlton
Los Angeles CA 90008
$1,200,000
Status: Active
Description
We are pleased to present this six-unit apartment complex in the desirable Baldwin Hills area. It consists of all one-bedroom units, averaging over 1,000 square feet each. This 2-story structure was built in 1950 of wood-frame stucco construction. It is situated on an 8,011 square foot lot, which is zoned LAR3. The building also features 3 - 2 car garages off the alley as well as laundry hook-ups in each unit. The income is currently below market as it is producing $6,745 per month. Market rent for the building is closer to $13,320 per month. So, there is tremendous upside in the rent upon turnover and this is a great opportunity to own in an exclusive rental area. Please do not disturb tenants or walk on the property. All offers to be made subject to inspection.
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