$1,988,000

927 Centennial Street, Los Angeles, CA 90012

Active | Courtesy of: Hoeng Yik CalDRE: 01341144 - Real Estates Unlimited
- Beds
0 Baths
6,176 Sq Ft

We are pleased to present the rare opportunity to acquire a 6 unit multifamily property located in one of LA's prime Chinatown neighborhood, adjacent to Echo Park, Angelino Heights and just north of DTLA with beautiful Downtown skyline views. Property in this neighborhood rarely comes on the market. This well-maintained 6-unit complex totals 6,167 SF and is situated on a 6,982 SF ZONE R3 LOT. Property offers an attractive unit mix of FOUR (4) spacious 2- bedroom 1-bath units, ONE (1) 1-bedroom 1-bath unit and an enormous Owners Townhouse style unit located at the front of the property. Owners unit appears over 2,000 SF sprawled over 2 levels and features 4 large bedrooms, 4 bathrooms, a spacious family room and kitchen, its very own private balcony with DTLA city views. Additionally, there is a finish 1 bedroom, 1 bathroom basement that can potentially be converted to an ADU, thus making this a 7th rental unit. Property is gated for security and privacy and has on-site laundry facility and offers 9 on-site parking consisting of 5 carport spaces with alley access, 2 attached garage with 2 onsite parking spaces located at the front. Each unit has its own water heater and is separately metered for both electric and gas. Excellent location just minutes to Dodger Stadium, LA State Historic Park, Elysian Park, Metro Gold line Union Station, 101 and 110 fwys. This property provides an investor with not only a value-add opportunity with tremendous rental upside, but also a rare opportunity to acquire a property in a desirable strong rental market with minimal available inventory.

Property Details

  • MLS# AR22007011
  • Date Listed01/13/2022
  • Days On Market 7 Days
  • Bedrooms -
  • Bathrooms 0
  • Lot Size 6,983 SQFT
  • Sewer Public Sewer
  • Subdivision -
  • Property Type Apartment
  • County Los Angeles
  • Year Built 1973
  • Water Public
  • Square Feet 6,176 sq. ft
  • Price Per Sq. Ft $321.89

Exterior / Lot Features

  • Exterior -
  • Roof -
  • Lot Size Acres 0.16
  • Lot Size SQFT 6,982.67
  • Lot Features Front Yard, Rectangular Lot
  • Zoning LAR3

Directions

North of Sunset Blvd.. / West of 110 fwy

Sales & Tax History

Source: Public Records

Population & Environment

Source: Sperling's Best Places


Walkability in CA / 90012

Source: Walkscore


67/100

Somewhat Walkable

Walk Score ®

74/100

Excellent Transit

Transit Score ®

39/100

Bikable

Bike Score ®

Overview

Some errands can be accomplished on foot. Transit is convenient for most trips. Minimal bike infrastructure.

Transit Summary

37 nearby routes: 36 bus, 1 rail, 0 other


Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 73/100, Transit Score: 65/100, Bike Score: 58/100.