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$ 3,750,000
Est. payment /mo
Active
4132 - 4138 Somerset DR Los Angeles, CA 90008
24 Beds
16 Baths
13,664 SqFt
UPDATED:
01/27/2025 06:08 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,664 sqft
Price per Sqft $274
MLS Listing ID 25484425
Bedrooms 24
HOA Y/N No
Year Built 1950
Lot Size 0.385 Acres
Property Description
We are proud to present this 16-unit apartment in Baldwin Hills! This property offers a unique opportunity to acquire a cash flowing property with true rental upside. This property can be paired with a 12-unit apartment located a few blocks away as well. The offering features a total of 16 units. There are two 8-unit buildings side by side (no on-site manager required). The units consist of 13,664 total building square feet and sit on a 16,766 square foot lot. The unit mix comprises of eight 2-bedroom/1-bathroom units and eight 1-bedroom/1-bathroom units. The property has 12 total parking spaces consisting of 6 two car garages. Tenants also can enjoy on-site laundry facilities and a beautiful courtyard that separates the two buildings. To add to future upside for a new owner, 1 unit can be delivered vacant at close of escrow. Currently, 10 out of 16 units are on section 8 housing vouchers while the rest are market rate tenants. Sitting just south of MLK and east of Crenshaw Blvd, this area of Baldwin Hills is very desirable given how close it is to Leimert Park.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAR3
Interior
Cooling None
Fireplace No
Exterior
Parking Features Garage
Pool None
Total Parking Spaces 12
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5032017011
Special Listing Condition Standard
Listed by John Katnik • BRC Advisors- BH
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