3779 Lockland Drive

Los Angeles, CA 90008

$3,095,000

List Price

20

bed Beds

20

shower Baths

11,742 sqft

straighten / sqft

1960

calendar_month Built

Property Description

Assumable Loan of $2,189,000 at 4.82% fixed until 10/1/2027. We are proud to present, as the exclusive listing advisor, this 12-unit apartment in the heart of Baldwin Hills! This property offers a unique opportunity to acquire a cash flowing property with true rental upside. This property can also be paired with a 16-unit apartment located a few blocks away. The offering features a total of 12 apartment units consisting of 11,742 total building square feet sitting on a 10,074 square foot lot. The unit mix comprises of eight 2-bedroom/2-bathroom units and four 1-bedroom/1-bathroom units. Soft story retrofit has been completed by the owner. The property has 14 total parking spaces consisting of 2 garages, 10 covered carport spaces and 2 open spaces. Tenants also can enjoy on-site laundry facilities and a pool. Half of the units are on section 8 housing vouchers while the rest are market rate tenants. Sitting just south of MLK and east of Crenshaw Blvd, this area of Baldwin Hills is very desirable given how close it is to Leimert Park.

Listing Information

List Price $3,095,000
Status Active
MLS 25484375
Type Residential Income
Year Built 1960
Lot Size 10,074
Structure Size 11,742
DOM 13
Courtesy Of BRC Advisors- BH
Listing Agent John Katnik DRE#02002695

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms 20
Total Bathroom
Bathrooms 20
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: John Katnik, BRC Advisors- BH 310-956-2291. *Based on information from the Association of REALTORS/Multiple Listing as of Jan 29th, 2025 at 9:53 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.