Mid Los Angeles (C16) Homes with Multi Family Subtype

Mid Los Angeles (C16) Homes with Multi Family Subtype

Welcome to Mid Los Angeles (C16), a vibrant and diverse neighborhood that captures the essence of Southern California living. Nestled in the heart of Los Angeles, this area boasts a rich tapestry of cultures, making it a melting pot of experiences, flavors, and lifestyles. With its proximity to downtown Los Angeles, Mid LA offers residents the perfect blend of urban convenience and suburban charm.

One of the standout features of this region is its impressive selection of multi-family homes. Whether you’re an investor looking for a lucrative opportunity or a family seeking a spacious residence, Mid Los Angeles has something to offer for everyone. These multi-family properties provide not only ample living space but also the potential for rental income, making them a smart choice for those looking to maximize their real estate investments.

The architectural styles in the area vary widely, from classic California bungalows to modern apartment complexes, reflecting the neighborhood's dynamic spirit. Residents enjoy access to local parks, trendy cafes, and a host of cultural attractions, including art galleries and theaters. The community is well-connected by public transportation, making it easy to explore all that Los Angeles has to offer.

In Mid Los Angeles, you’ll find a welcoming community that values diversity, creativity, and convenience. With its thriving real estate market and a variety of multi-family homes, this neighborhood is an ideal place to call home or invest in your future. Discover the charm of Mid Los Angeles and see why so many are drawn to this exceptional part of the city!

Newest Mid Los Angeles (C16) Homes with Multi Family Subtype

1639 S Hobart, Los Angeles
$3,795,000
CV26204221 MLS ⋅ Active Status
Rare opportunity to acquire a substantial multifamily investment property in the highly desirable Mid-City/Harvard Heights area of Los Angeles. The property features 17 units on an approximately 10,018-square-foot lot, offering investors a sizable existing rental asset with meaningful value-add potential. The property includes 14 existing units plus 3 attached ADUs, providing an attractive opportunity to enhance the income-producing potential of the property. Five units have been fully remodeled with permitted improvements, including updated kitchens, modern cabinetry, flooring, lighting, bathrooms, and other interior and exterior enhancements. The property benefits from individually metered gas and electricity, gated parking, and a well-positioned two-story configuration. The approximately 9311-sq ft building sits within a commercially zoned area for both multi-family and retail. It offers investors multiple avenues to improve operations, rents, and overall property performance, subject to applicable approvals and regulations. This property maintains an approximate cap rate of 5.14% from Day 1 and upside up to a Proforma rate of 10.48%. Strategically located along Venice Boulevard with convenient access to Koreatown, Downtown Los Angeles, Culver City, major employment centers, public transportation, and regional freeways. This is a compelling opportunity for investors seeking an established multifamily asset in a central Los Angeles location with existing improvements and additional upside potential.

1639 S Hobart, Los Angeles

Start Your Search

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.