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Listed by Craig Marson • First Team Real Estate
$ 1,750,000
Est. payment | /mo
6,066 SqFt
$ 1,750,000
Est. payment | /mo
6,066 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,066 sqft
Price per Sqft $288
MLS Listing ID CRDW25224030
HOA Y/N No
Year Built 1962
Lot Size 7,295 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
601 N Garfield Avenue presents an outstanding opportunity to acquire a well-located multifamily property offering six income-producing units along with an additional unpermitted studio. The property consists of one building, including four spacious two-bedroom units with one and a half baths each, two one-bedroom units with one bath, and the bonus studio. Positioned on a desirable corner lot, the property includes six covered parking spaces accessible through a rear alley carport. All units appear to be in good condition, and current rents remain below market, allowing for significant upside potential as units turn over. This makes the property ideal for investors seeking long-term growth and stable income in an established rental market. Residents enjoy the convenience of nearby shopping, restaurants, and public transportation, along with easy access to major freeways. Downtown Los Angeles is only a short drive away, further enhancing the appeal of the location for both current and future tenants.This is a rare chance to acquire a well-maintained multifamily asset with value-add potential in a strong rental corridor. The property will be delivered as-is, and the buyer is advised to verify all information, including unit count, permits, and property details. The studio unit is no
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry No Hookups
Building
Lot Description Corner Lot, Front Yard
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Glen Riggs
REALTOR® | Lic# CA DRE 02161397