A+ LOCATION! HUGE Upside w/ Spacious Units. Easy to Lease and Manage. Rarely Available. Walk to Broadway Shops and Cal-Train Station. Walk Score: 90, Bike Score: 81. 6-Units w/ Strong Historical Tenancy, Low Turnover and Little to No Vacancy. 6 Spacious 1 BR/1 BA Units w/ Desirable Floorplans. Low Operating Expense Ratio (30%). Tenants Pay In-Unit PG & E and Reimburse Owner for Water. Potential to Implement Full RUBS Program. Add Dishwashers and In-Unit Washer & Dryers, Conduct Minor In-Unit Upgrades to Achieve Higher Market Rent/Higher CAP Rate. First Time on Market in 13 Years. R-3 Zoning: Offers Medium/High Density Residential. Excellent Long-Term Development/Assemblage Potential. Front of Property Offers 3 Easy to Access, Uncovered Parking Spaces. Adjacent Properties (Chase Bank & USPS) Offer Temp. Overflow Parking for Visitors. Potential to Convert 6 Covered Carports to 2 ADU's (1 BR/1 BA Units w/ +/- 600 SF Each) on Ground Floor. 2 Additional Ground Floor ADU's Offer $600,000 ($5,000/Month). Cap. Ex. Include: Plumbing and Electrical, Dual-Pane Windows, New Roofs, New Water Heaters, and More. Strong Rents Driven by Convenient Location and Low-Supply. Consistently Strong Rental Demand. Proven Track-Record of Reliable Incoming Generation. Please DO NOT DISTURB TENANTS.
The income description goes here to explain
| List Price | $2,995,000 |
| Property Type | Other |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 3 spots |
| Year Built | 1952 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 026212230 |
| MLS # | ML82022957 |
| Property ID | 318635909 |
| Lot Sqft | 6,154 |
| Zoning | R-3 Medium/High Density R |
| Days on Market | 86 |
| Original List Price | $2,995,000 |
| Date Updated | October 21, 2025 |
| Date Created | September 26, 2025 |
Financials not available online. Please inquire with your agent for more details.
Don Sung an agent of . Lic #01935797
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of October 21, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California #02062862
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT