5748 Morley St, Los Angeles, CA 90045
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5748 Morley St, Los Angeles, CA 90045
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$ 995,000
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5748 Morley St Los Angeles, CA 90045

4 Beds

3 Baths

2,280 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 2,280 sqft

Price per Sqft $436

MLS Listing ID 26854275

Bedrooms 4

Year Built 1950

Lot Size 6,866 Sqft

Acres 0.1576

Property Sub-Type Multi-Family

Property Description

**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.

Location

State CA

County Los Angeles

Area Westchester

Zoning LAR3

Rooms

Other Rooms Other

Interior

Heating Wall Gas

Cooling Other

Equipment Range/Oven, Refrigerator

Exterior

Parking Features Carport, Garage - 3 Car

Garage Spaces 6.0

Building

Level or Stories Multi/Split

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Lyon Stahl Investment Real Estate, Inc.
Gabriel Carrasco

Gabriel Carrasco

Agent | License ID: DRE# 02229520

+1(424) 422-6029

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5748 Morley St