Multifamily, brokered with patience.

5748 Morley St

Los Angeles, CA 90045

* * TWO VACANT GARAGES * * 5748 Morley St is a 2,280-square-foot, 3-unit apartment building situated on a 6,864-square-foot LAR3 TOC Tier 3 lot, offered at $995,000. The property presents investors with a 5.07% current cap rate, 13.51 current GRM and approximately 23% rental upside. Located south of Manchester Ave and west of the 405 Freeway, the property sits in a rapidly evolving pocket of Westchester where new development continues to improve the neighborhood’s appeal. The building consists of two 1-bed/1-bath units and one 2-bed/1-bath unit. Additionally, the property includes three garages, two of which are vacant, creating potential for storage , additional rental income , or future conversion . With the passing of SB 1211, there may be an opportunity to add up to three ADUs, creating a path to increase rental income and long-term value. This pocket continues to experience significant growth, with multiple new developments recently completed and in progress. 5748 Morley St is a strong value-add opportunity for an investor looking for existing income, rental upside, and future development potential in Westchester.

PRICE

$995,000

UNITS

3 Units

MARKET

Los Angeles