1531 Cambria St, Los Angeles, CA 90017
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1531 Cambria St, Los Angeles, CA 90017
1531 Cambria St, Los Angeles, CA 90017
1531 Cambria St, Los Angeles, CA 90017
1531 Cambria St, Los Angeles, CA 90017
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Cristian Farias

Cristian Farias

Engel & Völkers

+1(619) 808-6567
$ 1,150,000
Est. payment /mo
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Active

1531 Cambria St Los Angeles, CA 90017

4 Beds

4 Baths

2,496 SqFt


UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,496 sqft

Price per Sqft $460

MLS Listing ID 26648307

Style California Bungalow

Bedrooms 4

Year Built 2006

Lot Size 3,825 Sqft

Acres 0.0878

Property Sub-Type Multi-Family

Property Description

Fully Permitted Duplex 100% Occupied, Prime Central Location. This fully permitted two-unit apartment building offers an excellent investment opportunity with a strong 7.5% cap rate and immediate cash flow from day one. The property consists of: First Floor: 4 bedrooms / 2 bathrooms (currently owner-occupied), Second Floor: 4 bedrooms / 2 bathrooms (fully rented to four tenants). The upstairs unit features a shared kitchen and laundry area. One bedroom includes a private bathroom and shower, while the second bathroom is shared by the remaining three tenants. Parking space is available for up to four vehicles. Ideally located in the heart of Los Angeles, just minutes from LA Live, Crypto.com Arena (formerly Staples Center), the Financial District, Koreatown, Echo Park, and Filipinotown. The property offers excellent freeway access and proximity to major employment, dining, and entertainment hubs. Within distance to Starbucks, McDonald's, Panda Express, Bank of America ATM, and Good Samaritan Hospital.A short drive to 7th & Fig, Gold's Gym, Target, Zara, Nordstrom Rack, Ralphs, and LA Live.Also near cultural landmarks including Walt Disney Concert Hall, Dorothy Chandler Pavilion, The Broad Museum, LA Opera, Whole Foods Market, and FIDM.This is a rare opportunity to acquire a centrally located, income-producing property in a high-demand rental market.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR4

Rooms

Other Rooms None

Interior

Heating Wall

Cooling None

Flooring Carpet, Laminate

Fireplaces Type Electric, Gas

Equipment Dishwasher, Dryer, Hood Fan, Microwave, Garbage Disposal, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Cable, Washer, Refrigerator, Range/Oven

Exterior

Parking Features Driveway

Garage Spaces 4.0

View Y/N No

View None

Building

Lot Description Fenced

Story 2

Sewer In Street

Architectural Style California Bungalow

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by HBAR
Cristian Farias

Cristian Farias

Advisor

+1(619) 808-6567

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1531 Cambria St