$1,500,000
$1,700,000 11.8%
Est. payment /mo
1 Bed
1,835 SqFt
Sold on 08/26/2026
1147 S Swall Drive Los Angeles, CA 90035
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Key Details
Sold Price $1,500,000
Property Type Single Family Home
Sub Type OTHER
Listing Status Sold
Purchase Type For Sale
Square Footage 1,835 sqft
Price per Sqft $817
MLS Listing ID CL26828263
Bedrooms 1
Year Built 1950
Lot Size 7,487 Sqft
Property Sub-Type OTHER
Property Description
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.
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Heating Wall Furnace
Building
New Construction No

© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Elliot Hassan • NorthMarq Realty Services, Inc.
Bought with ElliotHassan
Bought with ElliotHassan
NEARBY SCHOOL & BUSINESS
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