Millman Team Real Estate

$1,699,000
4 Bed
4 Bath
4,320 Sqft
0.15 Acre Lot

2822 S La Salle Avenue, Los Angeles, California 90018

  • Residential Income Property Type
  • 4,320 Sqft Square Footage
  • None Cars Garage
  • 1913 Year Built
Property Description

2822-2824 S. La Salle Ave presents a rare opportunity to acquire a fully occupied, income-producing four-unit property in a centrally located South Los Angeles neighborhood near USC, Exposition Park, Downtown LA, and major transit corridors. Currently operating at 100% occupancy, the property offers strong in-place income of approximately $8,500 per month and an estimated NOI of approximately $96,832 based on current operations, equating to an approximate 5.4% cap rate for a self-managed owner. Set on an approximately 6,315 sq. ft. lot, the property combines stable day-one cash flow with meaningful long-term upside potential. The unit mix includes spacious 2- and 3-bedroom residences, all of which are well maintained, with two units having been updated in recent years. The property has benefited from consistent collections and long-term tenancy, supporting operational stability and tenant retention. From an investment perspective, the asset offers both immediate income and future optionality. Current ownership operates with an efficient expense structure, and investors may have the opportunity to further optimize performance over time. Additionally, California’s evolving ADU regulations continue to create opportunities for additional units on multifamily properties, subject to city approval and site-specific feasibility. Buyer to verify all zoning, use, density, ADU potential, and development possibilities. The property’s central location within a growing rental corridor near major employment hubs, universities, public transportation, and ongoing neighborhood investment positions it to benefit from sustained demand. A well-located, stabilized asset delivering strong current income with the potential for future growth and operational upside in one of Los Angeles’ most dynamic rental markets. For investors seeking a well-performing asset in a high-demand Los Angeles corridor, this offering delivers both stability and potential. Inquire for details and availability.

Basic Details
Residential Income
For Sale
26665641
$1,699,000
4
4
4,320 Sqft
1913
0.15 Acre
Active
1
Features
: None
: Wall Furnace
: None
: None
$0
Address Map
CA
Los Angeles
Los Angeles
90018
La Salle
2822
Avenue
W119° 41' 42.1''
N34° 1' 45.7''
West
La Salle Ave, between Jefferson and Adams.
C16 - Mid Los Angeles
S
LAR1
Additional Information
$0
$0
$0
$0
$0
4320
: Two
4
2026-03-26
1749000
2
2
Broker/Agent Information
Rodeo Realty
Scott Goshorn
Listing Information
CLW-C119013
CLW-X7173802
Active
2026-06-04T22:28:37Z
CRMLS
: Standard
2026-03-26T00:00:00Z
Agent info
Ray Millman
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