GREAT INVESTMENT OPPORTUNITY! Property with a lot of potential. Rental income will pay itself off. First time on market since 40 years ago.This income property is located at less than a mile from LAC+USC Medical Center and only 10 minutes form Downtown LA and Chinatown. This neighborhood has gone through gentrification; completely surrounded by newly constructed houses and income units.Great family neighborhood near schools, churches and freeway access with high demand from renters. Near bus stops.CAP RATE 5.15 %This income property consists of 6 units, of which two units are facing the street and one of them has 3 bedrooms and 1 bath, perfect for a big family. There is a small house in the immediate back that is rented as a one bedroom/one bath apartment with adjacent storage shed plus 3 back units with 3 one car garages in the very rear.This property has a new roof, new plumbing, and the two front units have been remodeled 4 years ago and freshly painted last year. This is a 1031 Exchange.
|
DAYS ON MARKET
|
102
|
LAST UPDATED
|
6/9/2024
|
|
YEAR BUILT
|
1887
|
COMMUNITY
|
Lincoln Hts
|
|
GARAGE SPACES
|
3.0
|
COUNTY
|
Los Angeles
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Residential Income
|
| AIR |
Wall/Window Unit(s) |
| AIR CONDITIONING |
Yes |
| APPLIANCES |
Gas Water Heater |
| AREA |
Lincoln Hts |
| BUYER'S BROKERAGE COMPENSATION |
|
| CONSTRUCTION |
Drywall |
| GARAGE |
Assigned, Yes |
| HEAT |
Natural Gas |
| HOA DUES |
0 |
| LOT |
7501 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre, Rectangular Lot |
| PARKING |
Assigned |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
2 |
| STYLE |
Traditional |
| UTILITIES |
Cable Connected,Electricity Connected,Natural Gas Connected, Electric: Standard |
| VIEW DESCRIPTION |
None |
| WATER |
Public |
| ZONING |
LAR3 |
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Listed with MARTIN G. GAVILANES, BROKER
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 9/18/24 6:28 PM PDT and /or other sources. 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
This IDX solution is (c) Diverse Solutions 2024.
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