For Sale
$1,225,000

7033 Hazeltine AveLos Angeles, CA 91405

Los Angeles fourplex, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
114
This Los Angeles fourplex, located at 7033 Hazeltine Avenue, 91405, presents a compelling value-add investment opportunity. The property, built in 1949, comprises four one-bedroom, one-bathroom units within a two-story building on a 7,169 square foot lot. Each unit boasts individual utility metering for gas and electricity, and includes in-unit laundry. Two units feature a bonus room, ideal for a home office or extra storage. The property offers convenient parking with two two-car garages and additional street parking. Currently, the occupancy rate is 50%, with two vacant units recently renovated with new interior finishes and in-unit laundry. The total square footage is 2,639, with a price per square foot of $464.19 and a price per unit of $306,250. The asking price for the entire property is $1,225,000. The property is zoned LARD1.5. While expenses are estimated, this property offers significant potential for increased revenue and return on investment. The property's location in Los Angeles County provides access to a strong rental market. This is a turnkey opportunity for an investor seeking a multifamily property with immediate upside potential.

Property Details for 7033 Hazeltine Ave

Property type
Apartment buildings
Square Feet
2,639 SF
Year Built
1949
Buildings
1
Stories
2
Units
4

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.198564031125
Longitude
-118.44061105809
7033 Hazeltine Ave, Los Angeles, California

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7033 Hazeltine Ave
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