Fully Occupied 4 Units in Los Angeles

Near USC

742 E 32nd Street, Los Angeles, CA 90011

Property Description

742 E. 32nd is a wonderful 4 unit apartment offering a tremendous value add opportunity for a local and experienced investor to capitalize on the growing rents in the area.

The entire property is comprised of a two story buildings totaling 3,248sf. Built in 1926, it sits on almost 5,395sf of R1.5 zoned land and all of the units are Two Bedroom, in good condition, and has month to month tenants.

With rear alley access, it provides ample parking for each unit and enough space to construct a new ADU for additional income.

Good Location south of the 10 fwy, east of the 110 fwy, and 2 miles to USC, Exposition Park, Downtown LA, the fashion district, LA Live., Restaurants & Shops.

Features and Highlights

  • 100% Occupancy w/ Month to Month Tenants.
  • Strong Upside w/ Below Market Rents.
  • Clean & Quiet Neighborhood Street.

Property Details

  • Price:$925,000
  • APN:5120-024-008
  • Units:4
  • Vacancy:100%
  • Building Size:3,248 SF
  • Lot Size:5,395 SF
  • Year Built:1926
  • Opportunity Zone:Yes
  • MLS:OC22202427

Listing Agent: Brian Noh, CCIM DRE: 01438115

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