Multi-Family $ 1,699,000

2822 S La Salle Ave

Los Angeles, CA 90018

  • 4 Beds
  • 4 Baths
  • 4,320 SqFt
  • 6,317 Lot Size
  • 1913 Year Built
2822-2824 S. La Salle Ave presents a rare opportunity to acquire a fully occupied, income-producing four-unit property in a centrally located South Los Angeles neighborhood near USC, Exposition Park, Downtown LA, and major transit corridors. Currently operating at 100% occupancy, the property offers strong in-place income of approximately $8,500 per month and an estimated NOI of approximately $96,832 based on current operations, equating to an approximate 5.4% cap rate for a self-managed owner. Set on an approximately 6,315 sq. ft. lot, the property combines stable day-one cash flow with meaningful long-term upside potential. The unit mix includes spacious 2- and 3-bedroom residences, all of which are well maintained, with two units having been updated in recent years. The property has benefited from consistent collections and long-term tenancy, supporting operational stability and tenant retention. From an investment perspective, the asset offers both immediate income and future optionality. Current ownership operates with an efficient expense structure, and investors may have the opportunity to further optimize performance over time. Additionally, California's evolving ADU regulations continue to create opportunities for additional units on multifamily properties, subject to city approval and site-specific feasibility. Buyer to verify all zoning, use, density, ADU potential, and development possibilities. The property's central location within a growing rental corridor near major employment hubs, universities, public transportation, and ongoing neighborhood investment positions it to benefit from sustained demand. A well-located, stabilized asset delivering strong current income with the potential for future growth and operational upside in one of Los Angeles' most dynamic rental markets. For investors seeking a well-performing asset in a high-demand Los Angeles corridor, this offering delivers both stability and potential. Inquire for details and availability.
Listed by Rodeo Realty

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Multi-Family

    Listing Status Active

    Purchase Type For Sale

    Square Footage 4, 320 sqft

    Price per Sqft $393

    MLS Listing ID 26665641

    Bedrooms 4

    Year Built 1913

    Lot Size 6,317 Sqft

    Acres 0.145

    Property Sub-Type Multi-Family

  • Location

    State CA

    County Los Angeles

    Area Mid Los Angeles

    Zoning LAR1

  • Rooms

    Other Rooms None

  • Building

    Story 2

    Level or Stories Two

  • Interior

    Heating Wall

    Cooling None

    Equipment Gas Dryer Hookup

  • Exterior

    Parking Features None

    Garage Spaces 4.0

    Pool None

  • Others

    Special Listing Condition Standard

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CONTACT

Scott Goshorn
Scott Goshorn

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