Detailed Introduction Of This Home
We are pleased to offer for sale a duplex apartment community located at 948-950 West 61st Street. The subject property is located just south of Slauson Avenue and west of the 110 Freeway within the dense South Los Angeles Sub-Market. South Los Angeles, nestled south of downtown, is a dynamic urban neighborhood where diverse cultures intermingle, creating a rich mosaic of traditions and experiences. South LA's strong sense of community shines through at local parks and venues, while recent urban revitalization efforts have brought new businesses and dining options. Situated on a 5,202 square foot parcel, the property is comprised entirely of four-bedroom two-bathroom units. There is 18% rental upside through interior renovations. Ownership is only responsible for paying water utilities, tenants pay gas & electric. The continued gentrification of the surrounding area along with the value-add potential for a new owner to continue improvements and achieve superior future returns moving forward makes 948-950 West 61st Street an excellent acquisition opportunity. *The Subject Property is being marketed in conjunction with 5 other offerings. Each offering can be purchased individually or together. Certificate of Occupancy issued 3/11/2010 indicates2,300 total square feet. LA County Assessor indicates the prior residence information of 844 total square feet. Ownership is in process of communicating with the city to update. Buyer must conduct their own due diligence regarding this matter. LA County Assessor Indicates that there are a Total of 2 Beds/1 Bath the prior residence information. Ownership is in process of communicating with the city to update. Buyer to Verify Unit Configuration.