5748 Morley Street,Los Angeles, CA 90045
Los Angeles, CA 90045
Description
**TWO VACANT GARAGES** 5748 Morley St is a 2,280-square-foot, 3-unit apartment building situated on a 6,864-square-foot LAR3 TOC Tier 3 lot, offered at $995,000. The property presents investors with a 5.07% current cap rate, 13.51 current GRM and approximately 23% rental upside. Located south of Manchester Ave and west of the 405 Freeway, the property sits in a rapidly evolving pocket of Westchester where new development continues to improve the neighborhood's appeal. The building consists of two 1-bed/1-bath units and one 2-bed/1-bath unit. Additionally, the property includes three garages, two of which are vacant, creating potential for storage, additional rental income, or future conversion. With the passing of SB 1211, there may be an opportunity to add up to three ADUs, creating a path to increase rental income and long-term value. This pocket continues to experience significant growth, with multiple new developments recently completed and in progress. 5748 Morley St is a strong value-add opportunity for an investor looking for existing income, rental upside, and future development potential in Westchester.
Details
| MLS # | 26854275 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 58 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | David Messiah |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 2,280 |
| Car Port | Yes |
| Units | 3 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.16 |
Interior
| Appliances | Refrigerator |
|---|
Parking
| Parking Features | Carport, Door Multi, Garage |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90045 |
| Area | C29 Westchester |
| Listing VS Median (in 90045) | |
Price: $995,000 low | high Med: $1,299,000 sqft: 2,280 low | high Med: 1,567 $ / sqft: $436 low | high Med: $834 On site: 58 low | high Med: 66.5 | |
Market Activity 90045
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90045 |
| Area | C29 Westchester |
| Listing VS Median (in 90045) | |
Price: $995,000 low | high Med: $1,299,000 sqft: 2,280 low | high Med: 1,567 $ / sqft: $436 low | high Med: $834 On site: 58 low | high Med: 66.5 | |
 | $1,550,0005734 MorleyLos Angeles, CA 90045 |
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