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$ 1,225,000
Est. payment /mo
Active
849 W 73rd Street Los Angeles, CA 90044
8 Beds
3,952 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type OTHER
Listing Status Active
Purchase Type For Sale
Square Footage 3,952 sqft
Price per Sqft $309
MLS Listing ID CL26655025
Bedrooms 8
HOA Y/N No
Year Built 1965
Lot Size 5,811 Sqft
Acres 0.13
Property Sub-Type OTHER
Property Description
Exceptional 4-Unit Investment Opportunity with Strong Upside. This beautifully maintained four-unit property blends timeless old-world charm with thoughtful modern upgrades. Spanning nearly 4,000 square feet, the structure sits elevated to capture sweeping city and mountain views, creating a unique residential appeal rarely found in multi-unit assets. Two units are currently vacant, offering immediate value-add potential. A new owner can establish rents at fair market value and significantly increase cash flow from day one. With proper positioning, this asset has the capacity to debt service and deliver strong long-term performance. Located in an active redevelopment corridor, the surrounding community is experiencing meaningful revitalization. Vermont's state-designated downtown and village center programs provide tax credits, grants, and regulatory incentives to support the rehabilitation of older buildings and promote housing development. For 2026, at least $3 million in state income tax credits is available for projects prioritizing building safety improvements creating additional strategic upside for investors seeking long-term growth and stability. Additional features include a convenient on-site community laundry room and proximity to shopping, dining, transportation, and major employment hubs. A rare opportunity to acquire a character asset with built-in equity growth and strong redevelopment tailwinds. New Stadium, Intuit Dome, Close to brand new Sparks arena. Get ready for 2028 Olympics, plus the World Cup soccer events. Ample assigned parking. USC adjacent, 5 mins away to all new George Lucas Narrative Museum. 10 mins to beaches and airport.
Location
State CA
County Los Angeles
Zoning LARD2
Interior
Heating Forced Air, Central
Cooling No Air Conditioning
Flooring Laminate, Carpet
Fireplace No
Building
New Construction No
Others
Tax ID 6020002027
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by John Scott • John L. Scott Real Estate