3823 Wisconsin, Los Angeles, CA 90037
- $2,100,000
- List Price
- $2,100,000
- Status
- ACTIVE
- MLS#
- CV26193897
- Year Built
- 1961
- Lot Size
- 8,024
- Acres
- 0.18
- Lot Location
- 6-10 Units/Acre
- Days on Market
- 21
- Property Type
- Multifamily
- Property Sub Type
- Mixed Use
Property Description
Discover an incredible opportunity with this delightful 8-unit complex, showcasing stunning Mid-Century modern architecture in a highly sought-after area. Ideally situated within walking distance to USC and the Lucas Museum, this property is just a stone's throw from the Expo Center and the Los Angeles Memorial Coliseum. Its prime location makes it exceptionally well-suited for student housing, while the potential for increased rental income is undeniable. The thoughtfully designed unit mix features (7) 2-bedroom, 1-bathroom units and (1) 1-bedroom, 1-bathroom unit, catering to a diverse tenant base. Key updates include copper plumbing, a new electric motor on the security gate, and modern vinyl windows that enhance both security and energy efficiency. The seismic retrofit work has been completed, ensuring peace of mind for future occupants. Currently, the property offers parking for 8 vehicles, with the potential to expand this capacity or add an ADU. Its desirable LAR3 zoning and TOC Tier 4 designation present exciting development possibilities, allowing for the conceptual addition of up to 18 units "By Right" (subject to city verification). Don’t miss out on this remarkable investment opportunity in one of Los Angeles's most sought-after neighborhoods! Call now to explore the potential of this property and secure your future.
Additional Information
- Pool Description
- None
- Heat
- Wall Furnace
- Cooling Description
- None
- View
- None
- Roof
- Composition
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 8
- Gross Scheduled Income
- $159,708
- Operating Expense
- 47572
Listing courtesy of Listing Agent: Daria Cernavskis (dariarealtorinca@gmail.com) from Listing Office: Remax Alliance Group.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.