3779 Lockland Drive

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 courtesy of: John Katnik, BRC Advisors- BH 310-956-2291. *Based on information from the Association of REALTORS/Multiple Listing as of 02/13/2025 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.