2810 Somerset Drive
Los Angeles, CA 90016
- – beds
- – baths
- – sqft
- 6,290 sqft lot
- 1929 build
- – on site
More homes
This prime 4 unit asset located in the iconic West Adams neighborhood of Los Angeles is available. With a potential cap rate of 9.8, buying this building is a no-brainer from an investment perspective. Currently three units are occupied and one unit will be delivered vacant. Each unit has washer and dryer hookups in the unit and each unit has its own garage space (total 4 garage spaces) making it easy to rent out to prospective tenants. When you own buildings like this there will not be a lot of turnover. The units are almost 1200 sq feet each, could easily be converted into two bedrooms which would yield even more rent and an even better cap rate. There is space in the back for additional parking or to build an ADU to further get additional rents. If you're looking for a great as-is or value add investment then you don't want to miss this one.
Last checked:
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Last updated Nov 25, 2024
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MLS# 24448595 —
The Building
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Year Built:1929
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New Construction:No
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Architectural Style:Spanish
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Faces:West
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Building Area Total:4643.00
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# of Buildings:1
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Total Number Of Units:4
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Stories Total:2
Interior
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Levels:Two
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Flooring:Wood
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Laundry:Washer Included, Dryer Included, Stackable
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Laundry:1
Location
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Directions:on S Crenshaw Blvd. Take W Adams Blvd to Somerset Dr...Turn right onto S Crenshaw Blvd....Turn right onto W Adams Blvd...Turn left onto Somerset Dr
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Latitude:34.03070300
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Longitude:-118.33706000
The Property
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Property Type:Residential Income
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Zoning:LARD1.5
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Lot Size Area:6290.0000
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Lot Size Acres:0.1444
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Lot Size SqFt:6290.00
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View:1
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View:City Lights
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5050016005
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Showings Begin:2024-10-11
Heating & Cooling
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Heating:1
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Heating:Central
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Cooling:Yes
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Cooling:Wall/Window Unit(s)
Appliances
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Appliances:Dishwasher
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Included:Yes
The Community
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Senior Community:No
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Association:No
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Assessments:No
Parking
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Parking:Yes
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Parking:Assigned
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Parking Spaces:4.00
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Garage Spaces:4.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/23/24
Oct 23, 2024
|
BRIDGE | $1,200,000 | ||
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10/23/24
Oct 23, 2024
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Sold Subject To Contingencies | CRMLS_CA | $1,200,000 | |
|
10/11/24
Oct 11, 2024
|
Listed / Active | CRMLS_CA | $1,200,000 |
