CA > Los Angeles
Los Angeles, CA 90044,645 W 97th St
Los Angeles, CA 90044,645 W 97th St
Los Angeles, CA 90044,645 W 97th St
24
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$1,669,000
Est. payment /mo
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12 Beds
9 Baths
4,800 SqFt
Active

645 W 97th St Los Angeles, CA 90044

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Asianna Joyce

Asianna Joyce

+1(310) 717-8030

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,800 sqft

Price per Sqft $347

MLS Listing ID 25604359

Style Modern

Bedrooms 12

Construction Status Updated/Remodeled

Year Built 1938

Lot Size 6,301 Sqft

Acres 0.1446

Property Sub-Type Multi-Family

Property Description

Built in 2019, this non-RSO triplex delivers an exceptional 7.6% CAP rate and flexibility for both investors and owner-occupants alike. The property is entirely exempt from state and local rent control regulations, providing rare freedom in setting rental terms and maximizing income potential. The front, stand-alone unit lives like a single-family home - freshly remodeled and delivered vacant, ready for an owner to move in or for immediate lease-up. This spacious unit offers approximately 1,700 sq. ft. of open-concept living space filled with natural light, featuring 4 bedrooms, 3 bathrooms, and a two-car attached garage. At the rear are two identical tenant-occupied units, each offering 1,561 sq. ft., 4 bedrooms, and 3 bathrooms, generating consistent and significant rental income. The total living area across all three units is over 4,800 sq. ft. with 12 bedrooms and 9 bathrooms. The hardscaped exterior provides ample parking and minimal maintenance, while separate gas, electricity, and water meters allow tenants to pay their own utilities, simplifying management and maximizing net income. For the sophisticated investor, there is an opportunity here for cost segregation to allow significant tax deductions and savings up-front, making this a no-brainer investment. Also a great opportunity for an owner-occupier to take advantage of Fannie Mae's new 5% down payment opportunity! Situated in an area benefiting from major infrastructure and economic growth ahead of the 2028 Olympic Games, the 2026 World Cup, and ongoing public transit expansion, this property offers not only strong current cash flow but also meaningful long-term appreciation potential.

Location

State CA

County Los Angeles

Area Metropolitan Southwest

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Central

Cooling Central

Flooring Mixed

Fireplaces Type None

Equipment Dishwasher, Dryer, Washer, Refrigerator, Range/Oven, Garbage Disposal, Microwave

Laundry In Closet, In Unit, Laundry Closet Stacked

Exterior

Parking Features Attached, Direct Entrance, Garage - 2 Car

Garage Spaces 6.0

Pool None

Amenities Available None

Waterfront Description None

View Y/N No

View None

Building

Story 2

Architectural Style Modern

Level or Stories Two

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Esquire Real Estate Brokerage, Inc.

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Asianna Joyce

Asianna Joyce

Agent | License ID: 02204089

+1(310) 717-8030

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645 W 97th St