2810 Somerset Drive

Los Angeles, CA 90016

$1,200,000

List Price

4

bed Beds

4

shower Baths

4,643 sqft

straighten / sqft

1929

calendar_month Built

Property Description

This prime 4 unit asset located in the iconic West Adams neighborhood of Los Angeles is available. With a potential cap rate of 9.8, buying this building is a no-brainer from an investment perspective. Currently three units are occupied and one unit will be delivered vacant. Each unit has washer and dryer hookups in the unit and each unit has its own garage space (total 4 garage spaces) making it easy to rent out to prospective tenants. When you own buildings like this there will not be a lot of turnover. The units are almost 1200 sq feet each, could easily be converted into two bedrooms which would yield even more rent and an even better cap rate. There is space in the back for additional parking or to build an ADU to further get additional rents. If you're looking for a great as-is or value add investment then you don't want to miss this one.

Listing Information

List Price $1,200,000
Status Active Under Contract
MLS 24448595
Type Residential Income
Year Built 1929
Lot Size 6,290
Structure Size 4,643
DOM 16
Courtesy Of Big Block Platinum
Listing Agent Mark King DRE#02139777

Interior Features

Laundry Information
Location(s) Stacked
Total Bedroom
Bedrooms 4
Total Bathroom
Bathrooms 4
Flooring Information
Material Wood
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Mark King, Big Block Platinum 646-946-7677. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 28th, 2024 at 2:25 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.