10
See all 10 photos
$1,700,000
Est. payment /mo
3 Beds
3 Baths
1,835 SqFt
New
1147 S Swall DR Los Angeles, CA 90035
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 1,835 sqft
Price per Sqft $926
MLS Listing ID 26828263
Bedrooms 3
HOA Y/N No
Year Built 1950
Lot Size 7,487 Sqft
Property Description
114751 South Swall Drive, a three-unit value-add multifamily opportunity located in the highly desirable Pico-Robertson neighborhood. Offered for sale for the first time in over 50+ years, the property has been family owned and operated and remains largely in classic condition, presenting a true value-add opportunity. A new owner can unlock meaningful upside through upgrades to unit interiors and exteriors to modern standards. In-place rents trail current market levels by approximately $620 per unit, representing a loss-to-lease of roughly ~27%. All units have seen minor upgrades, providing immediate potential to increase income through a thoughtful renovation program tailored to today's renter preferences. Constructed in 1950, the property sits on a 7,485 SF lot and consists of a garden-style building totaling approximately 1,835 gross SF. The unit mix includes three (3) one-bedroom, one-bathroom units. Mature landscaping and underutilized common areas provide an opportunity to enhance curb appeal and improve the tenant's experience in this quiet, residential setting. At the rear of the property is surface parking for each unit, and a large garage that has been converted to storage for a neighboring grocery store on Pico Boulevard generating significant additional income. The rear parking and storage area provide flexibility for the future owner to either keep the current use or convert to ADU (buyer to verify), offering a future path to additional income or unit count expansion.
Location
State CA
County Los Angeles
Area C09 - Beverlywood Vicinity
Zoning LAR2
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features Detached Carport
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 4332011038
Special Listing Condition Standard
Listed by NorthMarq Realty Services, Inc. #01481211