$1,225,000

849 W 73rd Street, Los Angeles, CA 90044

  • 8 beds
  • 3,952 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1965
  • Property Lot Size Icon5,663sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $310/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

Exceptional 4-Unit Investment Opportunity with Strong Upside. This beautifully maintained four-unit property blends timeless old-world charm with thoughtful modern upgrades. Spanning nearly 4,000 square feet, the structure sits elevated to capture sweeping city and mountain views, creating a unique residential appeal rarely found in multi-unit assets. Two units are currently vacant, offering immediate value-add potential. A new owner can establish rents at fair market value and significantly increase cash flow from day one. With proper positioning, this asset has the capacity to debt service and deliver strong long-term performance. Located in an active redevelopment corridor, the surrounding community is experiencing meaningful revitalization. Vermont's state-designated downtown and village center programs provide tax credits, grants, and regulatory incentives to support the rehabilitation of older buildings and promote housing development. For 2026, at least $3 million in state income tax credits is available for projects prioritizing building safety improvements creating additional strategic upside for investors seeking long-term growth and stability. Additional features include a convenient on-site community laundry room and proximity to shopping, dining, transportation, and major employment hubs. A rare opportunity to acquire a character asset with built-in equity growth and strong redevelopment tailwinds. New Stadium, Intuit Dome, Close to brand new Sparks arena. Get ready for 2028 Olympics, plus the World Cup soccer events. Ample assigned parking. USC adjacent, 5 mins away to all new George Lucas Narrative Museum. 10 mins to beaches and airport.

Listing Status:
Active
Date Added:
February 22, 2026
Data Last Updated:
May 20, 2026 at 7:06AM
Listing Office:
John L. Scott Real Estate : 323-405-2500
Listing Agent:
John Scott : 323-405-2500
MLS ID:
CL26655025
  • Flooring: LaminateCarpet
  • A/C: No Air Conditioning
  • Heating: Forced AirCentral
  • Parking: AssignedOtherParking spaces: 0
  • County: Los Angeles
  • Zoning: LARD26020002027

This listing courtesy of John Scott , John L. Scott Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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