4850 Mascot Street offers investors a strong value-add opportunity in an improving neighborhood seeing continued multifamily development and reinvestment. The property will be delivered with two renovated two-bedroom units vacant at close of escrow, allowing a new owner to capture market rents immediately. Additional upside may be realized through the potential construction of two ADUs above the rear garages with RTI permit status, which could increase rental income by nearly 70% based on current projections and preserve parking. Three occupied units are also rented below market, providing further income growth over time. With immediate rental upside and future development potential, 4850 Mascot Street is a compelling investment opportunity.
Mid-City is a centrally located Los Angeles submarket just north of the 10 Freeway, offering convenient access to the beach, Downtown LA, and major employment hubs, along with a strong mix of nearby restaurants, shopping, and daily amenities along La Brea and Washington Boulevard.