5701 Corbett, Los Angeles, CA 90016

$1,850,000

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List Price
$1,850,000
Status
ACTIVE
MLS#
OC26158094
Year Built
1948
Lot Size
16,535
Acres
0.38
Lot Location
6-10 Units/Acre, Back Yard, Front Yard, Sprinklers In Front, Lawn, Landscaped, Sprinkler System
Days on Market
0
Property Type
Multifamily
Style
Traditional
Property Sub Type
Apartment
Stories
Two Levels

Property Description

Sold Individually or Together with Adjacent Property 5713 Corbett! This is an incredible opportunity to acquire 16 units spread over (2) 8 unit buildings in the highly desirably West Adams neighborhood of Los Angeles. On two separate APN’s, these two apartments (“5701-23 Corbett”) can be purchased individually or together. 5701-11 Corbett is an 8 unit garden rise apartment property built in 1948, totaling 6,604sf in size, unit mix of (4) 1 bed/1 bath & (4) 2 bed/1 bath units, with Two units delivered vacant, and sitting on a 16,535sf lot zoned RD1.5. New roof 2026. 5713-23 Corbett is an adjacent 8 unit apartment also built in 1948, totaling 6,604sf in size, with a unit mix of (4) 1 bed/1 bath & (4) 2 bed/1 bath units, fully occupied, and sitting on a 15,954sf lot zoned RD1.5. New roof currently being installed. Combined, the entire property totals 13,208sf in size and sits on a wide 32,489sf lot with 218’ frontage offering tons of open space, ample carport parking in the rear, dedicated laundry rooms, and tons of opportunity to add value, create ADU’s, or potential development. Great West Adams Location Near Metro & Major Developments & Landmarks. Opportunity Zone!

Additional Information

Appliances
Gas Range, Refrigerator, Range Hood
Pool Description
None
Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Exterior Construction
Stucco
Roof
Flat
Sewer
Public Sewer
Water
Public
Interior Features
Ceiling Fan(s)
Attached Structure
Attached
Number Of Units Total
8
Gross Scheduled Income
$149,977

Listing courtesy of Listing Agent: Brian Noh (brian@nohco.com) from Listing Office: Nohco Real Estate.

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Calculator source: Real Geeks

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.