1147 S Swall Drive, Los Angeles, CA 90035
Local realty services provided by:CENTURY 21 Select Real Estate, Inc.
1147 S Swall Drive,Los Angeles, CA 90035
$1,500,000
- 3 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Sold
Listed by: elliot hassan
Office: northmarq realty services, inc.949-717-5200
MLS#:26828263
Source:CRMLS
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Price summary
- Price:$1,500,000
About this home
114751 South Swall Drive, a three-unit value-add multifamily opportunity located in the highly desirable Pico-Robertson neighborhood. Offered for sale for the first time in over 50+ years, the property has been family owned and operated and remains largely in classic condition, presenting a true value-add opportunity. A new owner can unlock meaningful upside through upgrades to unit interiors and exteriors to modern standards. In-place rents trail current market levels by approximately $620 per unit, representing a loss-to-lease of roughly ~27%. All units have seen minor upgrades, providing immediate potential to increase income through a thoughtful renovation program tailored to today's renter preferences. Constructed in 1950, the property sits on a 7,485 SF lot and consists of a garden-style building totaling approximately 1,835 gross SF. The unit mix includes three (3) one-bedroom, one-bathroom units. Mature landscaping and underutilized common areas provide an opportunity to enhance curb appeal and improve the tenant's experience in this quiet, residential setting. At the rear of the property is surface parking for each unit, and a large garage that has been converted to storage for a neighboring grocery store on Pico Boulevard generating significant additional income. The rear parking and storage area provide flexibility for the future owner to either keep the current use or convert to ADU (buyer to verify), offering a future path to additional income or unit count expansion....
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Home facts
- Year built:1950
- Listing ID #:26828263
- Added:136 day(s) ago
- Updated:September 15, 2026 at 07:06 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1950
- Levels:1 Story
Finances and disclosures
- Price:$1,500,000
Parking
- Parking description:Detached Carport
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