Description

*** PRICE ADJUSTED BY $52,000 *** SWI Realty is proud to present a great opportunity to acquire a bread & butter multifamily asset with the potential to greatly raise the gross income by approximately 140%. HACLA Section 8 pays $2,887 for 2 bedrooms & $2,289 for a 1 bedroom. This asset is located in the highly sought after South Bay market. Built in 1965, the property features six (6) 2 bedroom 1 bathroom units PLUS the ability to build a 1 bedroom ADU. Seller has approved plans and Ready To Issue (RTI) permit to resubmit. Each unit is separately metered for gas and electrical. Main plumbing line from front to rear of property is copper. Unit #3 has pex & copper plumbing...work was completed approximately 18 months ago. All units have new sub panels which were installed approximately 2 years ago. Exterior of property was painted February 2026. Laundry facility at rear of property. The asset sits in a submarket with high demand for renovated units which provides a clear path to market rate rent increases. Current gross income of $97,953 can potentially become $235,332 by turning units and working with Section 8. Freeway accessibility to the 110, 405 & 105 which provides access to Long Beach, Redondo Beach, Manhattan Beach, LAX & Downtown LA. Walking distance to Normandie Park Recreation Center. Act now on this bread & butter asset with the ability to increase gross income by about 140%!