Description
** ONE VACANT UNIT & TWO VACANT GARAGES** 5746 Morley St is a 2,280-square-foot, 3-unit apartment building situated on a 6,864-square-foot LAR3 TOC Tier 3 lot, offering a great opportunity for investors or owner-occupants. The property is in a rapidly evolving pocket of Westchester, where new development continues to enhance the neighborhood's appeal.The building includes two remodeled 1-bed/1-bath units, one of which is VACANT, along with a remodeled 2-bed/1-bath unit. Additionally, there are three garages, two of which are VACANT, offering potential for storage or conversion. With the passing of SB 1211, up to three ADUs can be added, creating an opportunity to increase rental income. Factoring in construction costs, the property is projected to operate at a 10.37% cap rate and a 7.68 GRM, making it an attractive value-add investment. This pocket is experiencing significant growth, with multiple new developments in progress (highly recommend driving by). This would be perfect for an owner occupant or an investor looking to add value.
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4BEDS
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N/AACRES
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3BATHS
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01/2 BATHS
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2,280SQFT
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$436$/SQFT
School Ratings & Info
Description
** ONE VACANT UNIT & TWO VACANT GARAGES** 5746 Morley St is a 2,280-square-foot, 3-unit apartment building situated on a 6,864-square-foot LAR3 TOC Tier 3 lot, offering a great opportunity for investors or owner-occupants. The property is in a rapidly evolving pocket of Westchester, where new development continues to enhance the neighborhood's appeal.The building includes two remodeled 1-bed/1-bath units, one of which is VACANT, along with a remodeled 2-bed/1-bath unit. Additionally, there are three garages, two of which are VACANT, offering potential for storage or conversion. With the passing of SB 1211, up to three ADUs can be added, creating an opportunity to increase rental income. Factoring in construction costs, the property is projected to operate at a 10.37% cap rate and a 7.68 GRM, making it an attractive value-add investment. This pocket is experiencing significant growth, with multiple new developments in progress (highly recommend driving by). This would be perfect for an owner occupant or an investor looking to add value.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2025-06-21T18:43:27.843. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.