$1,250,000
$1,425,000
12.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 11/21/2025
Key Details
Sold Price $1,250,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID DW25220639
Sold Date 11/21/25
HOA Y/N No
Year Built 1963
Property Sub-Type Apartment
Property Description
FOR SALE: 5-Unit Apartment Complex – Prime Investment Opportunity
Discover this well-maintained apartment complex, each featuring 2 bedrooms and 2 bathrooms. With consistent occupancy and long-term tenants, this property offers a rare opportunity for investors seeking reliable income and minimal turnover.
Property Highlights:
Unit Features: Each unit includes a mixture of luxury vinyl flooring, laminate, and some carpet flooring, kitchens with electric stovetop ranges, built-in ovens, and in-unit electric water heaters.
Parking: 5 covered carport spaces available onsite.
Laundry: Shared coin-operated laundry machines (leased).
Upgrades: New electric subpanels installed at each unit in 2025.
Management: Professionally managed for the past 10 years, ensuring smooth operations and upkeep.
Income: Strong rental history with nearly $10,000 in gross monthly income.
This property is a fully electric building with reliable systems, stable tenancy, and strong cash flow—making it an excellent addition to any investment portfolio.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Interior Features Balcony
Heating Electric
Cooling Wall/Window Unit(s)
Flooring Carpet, Laminate, Vinyl
Fireplaces Type None
Fireplace No
Appliance Built-In Range, Electric Cooktop, Electric Oven, Water Heater
Laundry Common Area, Electric Dryer Hookup, In Carport
Exterior
Exterior Feature Awning(s)
Parking Features Carport
Carport Spaces 5
Pool None
Community Features Curbs, Park, Sidewalks
Roof Type Shingle
Total Parking Spaces 5
Private Pool No
Building
Lot Description 0-1 Unit/Acre, Front Yard, Landscaped, Rectangular Lot
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6213009021
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Trust
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Bought with Ruzanna Khechumyan Ruzanna Khechumyan
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Managing Broker, JD | Lic# DRE# 01065018/02178736