Property listed by Lyon Stahl Investment Real Est, Woody Stahl [email protected]
3403 Stocker
Los Angeles, CA 90008
$1,200,000
SHORT SALE – SUBJECT TO LENDER APPROVAL
3403 Stocker Street presents a compelling value-add multifamily opportunity in the desirable Leimert Park submarket of Los Angeles, ideally positioned between West Adams and South Los Angeles. Situated on a 6,236 square foot lot, the property consists of approximately 4,806 rentable square feet across… Read More four units. The property sold in November 2024 for $1,750,000 - current ownership is selling at a loss.
The asset has benefited from recent capital improvements, including a new roof, sewer line upgrades, foundation work, and copper re-piping - providing a strong base for an investor to complete the remaining renovations.
The property is comprised of four 2-bedroom / 1-bathroom units, with the potential to convert units into 2-bedroom / 2-bathroom layouts (buyer to verify). Three units are currently in shell condition, offering immediate renovation upside. Ownership has already completed partial electrical upgrades, including rewiring in two units and near-complete panel replacements.
3403 Stocker Street offers investors a rare opportunity to acquire a repositioning asset in a supply-constrained rental market with strong underlying demand. By completing renovations and optimizing operations, a new owner can unlock significant rental upside and long-term value in one of Los Angeles’ most steadily appreciating neighborhoods. Read Less
Listing Snapshot
Days Online
1
Last Updated
Property Type
Quadruplex
Lot Size
0.14 Acres
Year Built
1939
MLS Number
PW26079503
Additional Details
Building
Built in 1939, 1 building, 2 stories, Levels: Two, Entry level: 1, Entry location: Front
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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