Description

SHORT SALE – SUBJECT TO LENDER APPROVAL 3403 Stocker Street presents a compelling value-add multifamily opportunity in the desirable Leimert Park submarket of Los Angeles, ideally positioned between West Adams and South Los Angeles. Situated on a 6,236 square foot lot, the property consists of approximately 4,806 rentable square feet across four units. The property sold in November 2024 for $1,750,000 - current ownership is selling at a loss. The asset has benefited from recent capital improvements including a new roof and foundation work - providing a strong base for an investor to complete the remaining renovations. The property is comprised of four 2-bedroom / 1-bathroom units, with the potential to convert units into 2-bedroom / 2-bathroom layouts (buyer to verify). Three units will be delivered vacant and are currently in shell condition, offering immediate renovation upside. Ownership has already completed partial electrical upgrades, including rewiring in two units and near-complete panel replacements. 3403 Stocker Street offers investors a rare opportunity to acquire a repositioning asset in a supply-constrained rental market with strong underlying demand. By completing renovations and optimizing operations, a new owner can unlock significant rental upside and long-term value in one of Los Angeles’ most steadily appreciating neighborhoods.