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$1,798,000
Est. payment /mo
3 Beds
3 Baths
0.28 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26011009
Bedrooms 3
Lot Size 0.283 Acres
Lot Dimensions 12309
Property Sub-Type Res Income 2-4 Units
Property Description
Excellent investment opportunity with good CAP rate. This income-producing corner lot offers a rare combination of residential and commercial uses with strong, stable cash flow. The property features a commercial duplex with prime Garvey Avenue frontage located at 11534 Garvey Ave. One unit is occupied by a long-established hair salon that has successfully operated at this location for many years. Located behind the commercial building is a tenant-occupied single-family residence at 2843 Meeker Ave. Separate utility meters for the residential and the commercial units. In addition, a large rear lot is currently leased to a nearby auto shop for parking, providing supplemental rental income. Both the commercial duplex, the residential unit, and leased lot contribute to consistent monthly revenue. All tenants are on month-to-month leases, offering flexibility for future repositioning, redevelopment, or rent adjustments. This well-sized corner lot presents strong upside potential and multiple value-add opportunities, making it ideal for investors seeking both immediate income and long-term growth.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Garvey and Meeker
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 8105006006
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Listed by Kai Kyi Wetrust Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "