Under contract
2810 Somerset Dr
Los Angeles CA, 90016
$1,200,000
$258.45 per sqft
Under contract
4 Beds
4 Baths
4,643 sqft
Multi-family
Built in 1929
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.
24-448595
MLSⓇ ID
October 11, 2024
Listed
October 28, 2024
Updated
Map
2810 Somerset Dr
Los Angeles CA, 90016
Interior Features
Total Stories
2
Bedrooms
4
Total Bathrooms
4
Appliances
Dishwasher, Dryer, Washer, Stackable W/D Hookup
Floor Description
Wood, Wood Under Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Wall Unit(s), Wall/Window, Window Unit(s)
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.14 Acres
Architectual Style
Spanish
Other Property Details
Area Name
Mid Los Angeles
Days on Market
16
Garage
Yes
Garage Spaces
4
Parking
Assigned, Garage - 4 Car
Parking Total
4
View
Yes
View Description
City, City Lights
County
Los Angeles
Water Source
Public
Pool
No
Zoning
LARD1.5
Listing History
Date | Event | Price |
|---|---|---|
10/23/2024 | Under contract | — |
10/11/2024 | Active | — |
Listed by Mark King with Big Block Platinum
Listing Contact: 646-946-7677
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Julie Milne | CA DRE# 2004282 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/28/2024
