1930 S La Salle Ave
Property Description
Located in the heart of Los Angeles, this rare investment opportunity consists of two well-maintained apartment buildings: 1930 S. La Salle Ave featuring 8 units totaling approximately 4,444 SF, and 1935 Cordova St featuring 3 units totaling approximately 2,976 SF. The property also includes 7 garage parking spaces plus 2 additional uncovered parking spaces, providing valuable convenience for tenants in this highly desirable urban location. Despite the vintage character of the buildings, the property has been carefully maintained over the years and features a newer roof, stable occupancy, and strong long-term tenancy. With no current vacancies, this asset offers immediate and consistent cash flow while still presenting significant rental upside potential for investors seeking future income growth. Two of the units are Section 8 tenants, adding additional income stability. Situated in a quiet residential neighborhood with excellent access to the 10 and 110 Freeways, the property offers outstanding convenience to Downtown Los Angeles, Koreatown, USC, shopping, dining, and major employment centers. The location continues to attract long-term renters due to its central accessibility and neighborhood appeal. The property is known for its friendly, cooperative long-term tenants and easy day-to-day management. Tenant occupancy remains strong, and pride of ownership is evident throughout the property. Please do not disturb tenants. Tenants are not aware of the sale. Drive-by only. Property to be sold in its current "as-is" condition.
Broker Details
Keller Williams Los Feliz (323) 300-1000
MLS ID: X60630 State License Number: 01270838
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,000,000 |
| No. of Units: | 11 |
| Year Built: | 1922 |
| Lot Size: | 7,420.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $181,818 |
| Property Website | Click Here |
| Number of Bedrooms: | 11 |
| Number of Bathrooms: | 11 |
ID: 3yd-CLAWCA-26836809
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