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

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