851 W 40th Place

This property is still available for purchase and accepting offers, as the previous buyers were unable to perform. Situated in Exposition Park, it's conveniently located within walking distance of shopping centers and some of Los Angeles' top cultural attractions, including the Lucas (Star Wars) Museum, USC Coliseum, and BMO Stadium. This incredible property has the potential to generate significant income and boasts an impressive value-add opportunity. Its prime location makes it ideal for short-term rentals or seasonal student rentals. Additionally, there's a detached garage at the back that could be converted into an ADU or replaced with a larger one to increase your return on investment. The building is currently vacant, providing a rare opportunity to renovate the existing units and achieve market rates. Alternatively, you could live in one unit and rent out the other to substantially reduce your mortgage costs. The lot features two side-by-side units that are currently assessed as 2 bedrooms and 2 bathrooms but show as 3 bedrooms and 2 baths, with the potential to add a fourth bedroom in one of the units. The property is gated with front and back yards, and alley access for additional parking or entertaining guests. Please check out the virtual tour for further details. The owner is highly motivated to sell, and with some tender loving care, this property could be a goldmine. Don't miss out on this amazing opportunity, and send us your offer today!