- – beds
- – baths
- – sqft
- ~1 acre lot
- 1954 build
- – on site
This rare offering includes two contiguous parcels totaling approximately 40,425 square feet and a combined 13 units—6 units on one parcel and 7 units on the other. Each unit is a single-level, cottage-style residence, and the property includes multiple garages and ample surface parking. The investment currently delivers a 6.25% cap rate, with mostly month-to-month tenants in place, offering flexibility for future improvements or repositioning. There is signicant value-add potential: an investor could increase rents, add accessory dwelling units, or pursue a complete redevelopment (buyer to verify all options with the city). Located in an area already experiencing new construction, including a recently completed apartment building nearby, this property is well-positioned for long-term upside. Whether your strategy is to hold for income, enhance existing operations, or pursue higher density, this is a versatile asset with plenty of possibilities. Located steps away from the vibrant Atlantic avenues eateries and shopping centers. Enjoy the iconic Watts Towers and Augustus Hawkins National Park just 15 minutes away, or explore Plaza Mexico's cultural delight in Lynwood, a 10-minute drive. The Festival Carnaval Primavera in Downey adds nearby family fun.
Last checked:
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Last updated Jul 16, 2025
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MLS# OC25157347 —
The Building
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Year Built:1954
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Year Built Source:Public Records
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New Construction:No
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Building Area Total:13222.00
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Building Area Units:Square Feet
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Total Number Of Units:13
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# of Buildings:10
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Stories Total:1
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Entry Level:1
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Common Walls:1 Common Wall
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# of Separate Gas Meters:13
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# of Separate Water Meters:2
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# of Separate Electric Meters:13
Interior
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Levels:One
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Entry Location:1
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Room Type:All Bedrooms Down
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Laundry:Inside
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Laundry:1
Location
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Directions:710 Fwy, exit Florence ave, take Wilcox ave, and onto live oak st.
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Latitude:33.96658200
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Longitude:-118.18044000
The Property
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Property Type:Residential Income
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Subtype:Commercial/Residential
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Lot Features:Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Level
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Lot Size Area:40425.0000
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Lot Size Acres:0.9280
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Lot Size SqFt:40425.00
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Lot Size Source:Estimated
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View:None
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Road Frontage:City Street
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Property Attached:1
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Additional Parcels:Yes
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Additional Parcels Description:6226014010
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Other Structures:Storage
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:180
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Tax Lot:76
The Listing
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Special Listing Conditions:Standard
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Parcel Number:6226014009
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Features:Suburban
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:Yes
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Assessments:Special Assessments
Parking
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Parking:Yes
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Parking:Assigned, Driveway, Garage
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Parking Spaces:13.00
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Garage Spaces:13.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/14/25
Jul 14, 2025
|
Listed / Active | CRMLS_CA | $3,950,000 |