See all 15 photos
15 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$2,995,000
Est. payment /mo
22 Beds
12 Baths
9,312 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,312 sqft
Price per Sqft $321
MLS Listing ID 25534969
Bedrooms 22
HOA Y/N No
Year Built 1963
Lot Size 0.260 Acres
Property Description
Seize this outstanding investment opportunity! Whether you're aiming to broaden your portfolio or enhance your returns, 5005 Axtell provides the ideal combination of immediate stability and future growth potential. This 12-unit multifamily asset, situated in the strategically located El Sereno submarket of Los Angeles, appeals to real estate investors who prioritize numbers and act on opportunities. Featuring both solid existing rents and clear value-add potential with a unit mix of one studio, one one-bedroom, and ten two-bedrooms, this offers a rare mix of stability and scalability with a distinct path to increased cash flow. The added advantage? Buildable space with the possibility of adding units without needing to purchase additional land. This isn't merely an acquisition; it's a chance for expansion. Increase income. Enhance NOI. Maximize returns. With the potential to construct four additional ADUs on-site, you can significantly boost both unit count and revenue, all within the same footprint. Another key highlight: a newer roof. For investors focused on reliable cash flow today and substantial upside tomorrow, this is a perfectly aligned opportunity. Conveniently located near shopping and dining on Huntington Drive and with easy access to DTLA, South Pasadena, and Highland Park, this area is primed for development. Take the next step toward securing your future and building your portfolio! Contact us today to discover how 5005 Axtell can enhance your investment strategy!
Location
State CA
County Los Angeles
Area 621 - El Sereno
Zoning LARD3
Interior
Cooling None
Fireplace No
Laundry Common Area, Laundry Room
Exterior
Parking Features Assigned
Pool None
Total Parking Spaces 13
Private Pool No
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5218011024
Special Listing Condition Standard
Read Less Info
Listed by Erika Mlachak Farmer • Verde Realty, Inc.