Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90011 4026 S Morgan Avenue

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Presented By: Ramin Gheitanchi with Keller Williams Beverly Hills;
  • MLS# 25502429
  • 02/24/2025
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  • Beds • 12
  • Baths • 7
  • SQFT • 4,538
  • Year Built • 1963

Home Details

Priced at 6.27% CAP and 10.33 GRM with current low rents. Value add deal with approximately 68% upside in rents! Priced at 6.15 GRM and 12.66% CAP with rents at market. Please contact listing agent for marketing package. Keller Williams Commercial Beverly Hills has been exclusively retained by the owner in connection with the sale of 4026 S. Morgan Ave, a 6-unit apartment building centrally located in South Los Angeles within minutes to USC, Downtown LA, Arts District, Crypto Arena and the Fashion District. The Property has been well maintained by the current ownership and is fully occupied. Excellent unit mix consisting of five large 2 bedroom 1 bath units and one 3 bedroom 2 bath unit. The property is separately metered for gas, electricity and tenants pay their own trash bill. Property features gated parking and on-site laundry room with machines owned by Seller.
Presented By: Ramin Gheitanchi with Keller Williams Beverly Hills;

Interior Features for 4026 S Morgan Avenue

Bedrooms

Total Bedrooms12

Bathrooms

Half Baths0
Total Baths7
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2

General for 4026 S Morgan Avenue

Additional Parcels Y/NNo
Attached Garage No
Cap Rate6.27
Carport Y/NNo
CityLos Angeles
Community FeaturesGated
CountyLos Angeles
DirectionsLocated within minutes to USC, Downtown LA, Arts District, Crypto Arena and the Fashion District. Just 1 block to Ross Snyder Recreation Center featuring soccer field, baseball field, tennis courts, indoor
DisclosuresRentControl
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income121032.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7929.0
Lot Size UnitsSquareFeet
MLS AreaC42 - Downtown L.A.
MobileHomeRemainsYNNo
Net Operating Income78328.0
New ConstructionNo
Number Of Units Total6
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Security FeaturesSecurityGate, GatedCommunity
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Tenant PaysElectricity, Gas, TrashCollection
Year Built1963
ZoningLAR2

Exterior for 4026 S Morgan Avenue

Building Area Total4538.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.182
Lot Size Area7929.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesGated
Private PoolNo
SpaNo
Total Parking6.0
WaterfrontY/NNo

Additional Details

Price History

Clayton Bond

Sales Associate
Price $1,250,000
MLS#25502429
List Date 02/24/2025
Property Type Multi-Family
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