5748 Morley ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90045
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,280 sqft
Price per Sqft $547
MLS Listing ID 25492937
Bedrooms 4
HOA Y/N No
Year Built 1950
Lot Size 6,865 Sqft
Property Description
** ONE VACANT UNIT & 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, offering a great opportunity for investors or owner-occupants. Located south of Manchester Ave and west of the 405 freeway, the property is in a rapidly evolving pocket of Westchester, where new development continues to enhance the neighborhood's appeal.The building includes two 1-bed/1-bath units, one of which has been remodeled and is VACANT, along with a 2-bed/1-bath unit. Additionally, there are three garages, two of which are VACANT, offering potential for storage or conversion. With the passing of SB 1211, up to three ADUs can be added, creating an opportunity to increase rental income. Factoring in construction costs, the property is projected to operate at a 7.92% cap rate, making it an attractive value-add investment. This pocket is experiencing significant growth, with multiple new developments in progress (highly recommend driving by). This would be perfect for an owner occupant or an investor looking to add value.
Location
State CA
County Los Angeles
Area C29 - Westchester
Zoning LAR3
Interior
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Carport,Door-Multi,Garage
Total Parking Spaces 6
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 4125011017
Special Listing Condition Standard