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Listed by Justino Faaola, DRE #02038198 • COMPASS
$650,000
Est. payment /mo
8,459 Sqft Lot
Active
5917 Converse Los Angeles, CA 90001
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRCV26193403
Year Built 1947
Lot Size 8,459 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
We are proud to present 5917 Converse Avenue and 1905 E 78th Street - a two-property multifamily portfolio consisting of two separate 4-unit properties located in the Florence-Graham neighborhood of Unincorporated Los Angeles. The properties can be purchase together or individually. 5917 Converse Avenue offers approximately 2,550 SF of rentable living area across two separate structures situated on a generous 8,457 SF lot. The property consists of four 1-bedroom/1-bathroom units, averaging approximately 638 SF per unit. The property is currently generating just over $38,000 in annual rental income, equivalent to approximately $789 per unit per month. An investor familiar with prevailing market rents for comparable units in the surrounding area will recognize a significant opportunity to increase revenue, with the potential to capture more than $1,000 of additional monthly rental income per unit. Upon stabilization, the property offers the potential to achieve an approximately 9.69% CAP Rate and 7.47 GRM. The Florence-Graham neighborhood is a strongly renter-oriented market, with more than 65% of occupied housing units being renter-occupied. Strategically positioned near the I-110, I-105, and I-710 freeways, the portfolio offers convenient access to major employment centers throug
Location
State CA
County Los Angeles
Area C37 - Metropolitan South
Interior
Laundry None
Exterior
Garage Spaces 4.0
Pool None
Building
Story One Story
Water District - Public
Others
Tax ID 6008038018
Special Listing Condition Not Applicable
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