4823 W Slauson AVE new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90056
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 27,572 sqft
Price per Sqft $259
MLS Listing ID 25530587
Bedrooms 36
HOA Y/N No
Year Built 1953
Lot Size 0.943 Acres
Property Description
We are pleased to present for sale 4817 & 4823-25 W Slauson Ave. in View Park-Windsor Hills of Los Angeles, CA. The offering consists of 2 apartment buildings (2 APN's) totaling 28 units on a massive 41,075 SF lot (0.94 acres of land) in unincorporated LAC, adjacent to Ladera Heights. The property has benefited from a local group of conscientious operators and is professionally managed by Lilly Property Management Co. The mix of 1BR/1BA (20) and 2BR/1BA (8) units range from 900 to 1,100 SF. The 1BR's, which account for 70% of all units, can provide a strong hedge against rental stagnation due to the property being subject to LAC RSO. With approximately 30% rental upside, new ownership is afforded a path towards a considerable proforma 7.50 CAP / 9.15 X, metrics that can further improve from significant ADU build-out potential in the rear carport section of 4823-25 (Buyer to verify). All units have their own electrical and gas meters. There is an additional in-house electric meter and a water heater for the on-site laundry room. In 2018, EQ soft-story retrofit was voluntarily completed for 4817. The carport roofs for 4823-25 were replaced in 2022. $75,000 of SB721 work was completed and permitted this month. Building amenities include an on-site laundry room, washer/dryer hookups, individual water heaters, wall and floor gas heaters, 22 parking stalls, 18 garaged spaces and a charming courtyard. Tenants will have access to the nearby Westfield Culver City shopping mall, Howard Hughes entertainment center (HHLA), SoFi Stadium, YouTube Theatre, Intuit Dome, KIA Forum, Hollywood Park Casino and E & K Metro Line stations. With all of these highlights and more, the offering truly presents an ideal opportunity of operational stability with consistent cash-flow and predictable long-term appreciation in one of the most attractive submarkets in Los Angeles County. For investors looking for a high-quality 1031 solution or just simply in acquisition mode, the Slauson buildings will make a strong addition to any investor portfolio and a chance to own in the fourth largest economy in the world.
Location
State CA
County Los Angeles
Area 103 - Ladera Heights
Zoning LCC2YY
Interior
Heating Wall Furnace
Cooling None
Fireplaces Type None
Fireplace No
Appliance Disposal,Microwave,Refrigerator
Laundry Common Area
Exterior
Parking Features Assigned,Door-Multi,Door-Single,Driveway,Garage,One Space,On Street,Side By Side,Uncovered
Pool None
View Y/N No
View None
Total Parking Spaces 40
Private Pool No
Building
Faces South
Story 3
Entry Level Three Or More
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5009004014
Acceptable Financing Contract
Listing Terms Contract
Special Listing Condition Standard