Multi Family homes for sale & real estate in McArthur Park, CA

Multi Family Home for sale in McArthur Park, CA:

Developer's Dream in Historic Belmont Square Echo Park. Rare opportunity for builders, flippers, or investors: this 1924 East Coast style duplex by architect David Julius Witmer sits on a coveted pedestrian-only walk street in the historic Belmont Square district. Charming row homes, lush gardens, and private tranquil courtyard environment inspired by historic garden apartments and rare to find in the heart of the city. These "secret" walk streets offer a peaceful residential atmosphere just moments from urban amenities. The duplex at 208 & 210 Columbia features two units, each with 1 bedrooms and 1 bath, ready for a full renovation! Perfect for investors seeking to add val

Multi Family Home for sale in McArthur Park, CA:

5 unit multi-family property in the Pico Union neighborhood of Los Angeles. First time on market in 30 years. All units occupied by long term tenants. Rents are significantly below market and average $434/unit. Because of the low in place income the property will not qualify for conventional financing. All cash purchase preferred. Beautiful Victorian style architecture. Located in the HPOZ (historical zone). Any new development would need to be approved by the historic preservation staff. Buyer to verify what can be permitted. Dense rental market close to DTLA, The Crypto Arena, LA Live and much more. Large 6,113 sq ft lot. Potential for an ADU to be added in the rear of the property which

Multi Family Home for sale in McArthur Park, CA:

Renovated 10-unit building with plans for 6 additional units cash flowing at an amazing 6% Cap Rate from day 1 with upside to 8.4% Cap on Proforma. Preliminary plans to add 6 new units in the garages to achieve a remarkable 10.2% Current Cap Rate, 12.6% Proforma Cap Rate, and only 188k/door after taking into account all construction costs (~415k assuming $300/SF). All units are individually metered for Electricity and gas, and tenants pay for Trash. Rare 8 vacant single Car Garages for additional income and ADU potential. Plans for additional units in the garages will eliminate/reduce the soft-story scope of work and cost. Easy to rent unit mix consisting of 10 large (1 bed/1 bath) units. 6

Multi Family Home for sale in McArthur Park, CA:

We are pleased to present 261 Witmer Ave, a seven-unit apartment building located in the Filipinotown/Westlake neighborhood of Los Angeles to market for the first time in over fifty years. The property is made up of two side by side single story structures consisting of five 1 bed/1 bath units, one 2 bed/1 bath unit, and one studio unit on a large 10,958 square foot lot that runs block to block. Parking is ample, with six single-car garages at the rear of the property and one surface parking space in front of each garage. Under SB 1211, a new owner has the opportunity to convert and expand the garages into ADUs, allowing for the construction of up to a two-story, seven-unit ADU addition&mda