Mid Los Angeles (C16) Homes with Multi Family Subtype

Mid Los Angeles (C16) Homes with Multi Family Subtype

Welcome to Mid Los Angeles (C16), a vibrant and diverse region nestled within the heart of Los Angeles County, California. Known for its eclectic neighborhoods and rich cultural tapestry, Mid Los Angeles is a hub of activity, making it an ideal location for families, young professionals, and investors alike.

One of the most appealing aspects of this area is its variety of housing options, particularly the multi-family homes that grace its streets. These properties offer an exceptional opportunity for both homeowners and investors, providing the potential for rental income and the chance to foster a sense of community. Whether you’re looking for a charming duplex, a modern triplex, or a larger apartment complex, Mid Los Angeles has something to suit every taste and budget.

The region is characterized by its accessibility and convenience. With major thoroughfares and public transit options at your doorstep, commuting to downtown Los Angeles or other neighboring areas is a breeze. Residents enjoy a plethora of amenities, from trendy cafes and restaurants to parks and cultural attractions. The local schools are well-regarded, making it a great place for families to settle down.

Moreover, the dynamic real estate market in Mid Los Angeles means that multi-family homes are not just a place to live; they are an investment in your future. With the ongoing demand for rental properties in this desirable location, you can enjoy both the comforts of home and the benefits of smart investing. Explore the possibilities in Mid Los Angeles, where community meets opportunity!

Newest Mid Los Angeles (C16) Homes with Multi Family Subtype

1639 S Hobart, Los Angeles
$3,795,000
CV26204221 MLS ⋅ Active Status
Rare opportunity to acquire a substantial multifamily investment property in the highly desirable Mid-City/Harvard Heights area of Los Angeles. The property features 17 units on an approximately 10,018-square-foot lot, offering investors a sizable existing rental asset with meaningful value-add potential. The property includes 14 existing units plus 3 attached ADUs, providing an attractive opportunity to enhance the income-producing potential of the property. Five units have been fully remodeled with permitted improvements, including updated kitchens, modern cabinetry, flooring, lighting, bathrooms, and other interior and exterior enhancements. The property benefits from individually metered gas and electricity, gated parking, and a well-positioned two-story configuration. The approximately 9311-sq ft building sits within a commercially zoned area for both multi-family and retail. It offers investors multiple avenues to improve operations, rents, and overall property performance, subject to applicable approvals and regulations. This property maintains an approximate cap rate of 5.14% from Day 1 and upside up to a Proforma rate of 10.48%. Strategically located along Venice Boulevard with convenient access to Koreatown, Downtown Los Angeles, Culver City, major employment centers, public transportation, and regional freeways. This is a compelling opportunity for investors seeking an established multifamily asset in a central Los Angeles location with existing improvements and additional upside potential.

1639 S Hobart, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.