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447 W 118th Pl
Off-Market Call for Pricing
Call for Pricing
- 3 Bedrooms
- 3.00 Bathrooms
- 1,610 Sq Ft
- 3,992 Sq Ft
Description
451 W 118th Pl, a triplex located in the Harbor Gateway North neighborhood of South Los Angeles. Built in 1948, the property is comprised of (3) one-bedroom / one-bathroom units with dual private entrances, a front door and a back door. A gated paved patio space offers parking for up to (5) cars. Unit 447 pays $1,047/month, unit 449 pays $1,122/month, and unit 451 pays $1,458/month. Future investors can capitalize on 36% of rental upside to meet the market with future rent increases. The roof is in good condition, per seller, and the exterior has been recently painted. The units are separately metered for electricity and gas and have laundry hookups (no machines currently installed). The property is located on a corner lot in a cul-de-sac off of the East side of Figueroa St, with direct access to the 105 & 110 freeways, making it convenient for tenants to commute. This asset offers an opportunity for an investor, particularly an entry-level buyer, to acquire a set of apartments that offer significant rental upside at a lower price point within Los Angeles.
Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $575,000 |
| Property Type | Triplex (3-units) |
| Usable Sqft | 1,610 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1948 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 6088015018 |
| MLS # | 25570959 |
| Property ID | 292668380 |
| Lot Sqft | 3,992 |
| Zoning | LAR3 |
| Total Units | 3 |
| Date Updated | September 05, 2025 |
| Date Created | July 28, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $1,458 | $1,650 |
| Unit #2 | 1 | 1.00 | $1,122 | $1,650 |
| Unit #3 | 1 | 1.00 | $1,047 | $1,650 |
| Gross Income (Yr) | $ 41,818 |
| Operating Expenses | $ 16,544 |
| Net Income (Yr) | $ 25,274 |
| Cap Rate | 4.40% |
Listing Provided By
Jake Glaser an agent of Lyon Stahl Investment Real Estate, Inc.. Lic #02128816
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Robert Crawford
REAL ESTATE AGENT