25
See all 25 photos
$1,225,000
Est. payment /mo
8 Beds
4 Baths
3,952 SqFt
Price Dropped by $125K
849 W 73rd ST Los Angeles, CA 90044
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,952 sqft
Price per Sqft $309
MLS Listing ID 26655025
Bedrooms 8
HOA Y/N No
Year Built 1965
Lot Size 5,810 Sqft
Property Description
Exceptional 4-Unit Investment Opportunity with Strong Upside. This beautifully maintained four-unit property blends timeless old-world charm with thoughtful modern upgrades. Spanning nearly 4,000 square feet, the structure sits elevated to capture sweeping city and mountain views, creating a unique residential appeal rarely found in multi-unit assets. Two units are currently vacant, offering immediate value-add potential. A new owner can establish rents at fair market value and significantly increase cash flow from day one. With proper positioning, this asset has the capacity to debt service and deliver strong long-term performance. Located in an active redevelopment corridor, the surrounding community is experiencing meaningful revitalization. Vermont's state-designated downtown and village center programs provide tax credits, grants, and regulatory incentives to support the rehabilitation of older buildings and promote housing development. For 2026, at least $3 million in state income tax credits is available for projects prioritizing building safety improvements creating additional strategic upside for investors seeking long-term growth and stability. Additional features include a convenient on-site community laundry room and proximity to shopping, dining, transportation, and major employment hubs. A rare opportunity to acquire a character asset with built-in equity growth and strong redevelopment tailwinds. New Stadium, Intuit Dome, Close to brand new Sparks arena. Get ready for 2028 Olympics, plus the World Cup soccer events. Ample assigned parking. USC adjacent, 5 mins away to all new George Lucas Narrative Museum. 10 mins to beaches and airport.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LARD2
Interior
Interior Features Ceiling Fan(s)
Heating Central, Forced Air
Cooling None
Flooring Carpet, Laminate
Fireplace No
Appliance Disposal, Refrigerator
Exterior
Parking Features Attached Carport, Assigned
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 6020002027
Special Listing Condition Standard
Listed by John Scott John L. Scott Real Estate #01369752
NEARBY SCHOOL & BUSINESS
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