Asking Price: $850,000

Exceptional investment opportunity in Los Angeles featuring a four-unit property (fourplex) situated mid-block on 53rd Street, surrounded by ongoing neighborhood growth and development. This property presents a rare opportunity for investors and developers seeking a value-add or redevelopment project. Ideal for those looking to renovate and reposition, the property requires permitting and alignment with the City of Los Angeles. Once improved, the asset offers significant upside potential, with projected market rents estimated in the $9,800 to $10,000 range per month. The approximately 3,000 square foot building consists of four units and is being offered as a major fixer. Property is subject to a City of Los Angeles Substandard Order – Supplemental, and is to be sold as-is. Buyer to verify all information, including square footage, permits, condition, and potential uses with the City. The property will be delivered vacant at the close of escrow, providing flexibility for renovation or redevelopment. Cash or hard money financing is required. A compelling opportunity for investors seeking a project with substantial upside in a rapidly evolving area.