Exceptional Investment Opportunity in Northeast Los Angeles!...Don’t miss this incredible chance to own a 12-unit, low-maintenance property in the heart of Northeast Los Angeles. Each unit is a single with one bathroom, all currently rented and generating steady income, with the added potential for rent increases as leases renew…..This property boasts six separate buildings, ample gated parking spaces for tenant convenience, and one additional uncovered space. An on-site laundry room provides extra income, further enhancing the investment's value…..Located in a sought-after neighborhood, the property combines charm and convenience. With a gross rent multiplier (GRM) of 12.2, this property offers a rare opportunity for reliable cash flow and long-term appreciation. The gated parking and added amenities make it an attractive option for tenants, ensuring high occupancy rates in a competitive rental market....Situated in a prime area of Northeast Los Angeles, the property provides easy access to shopping, dining, and major freeways, making it highly appealing to renters. Its strategic location and income-generating features make this an ideal addition to any investor’s portfolio……Contact us today to explore how you can make this exceptional investment property your own.
|
DAYS ON MARKET
|
57
|
LAST UPDATED
|
2/11/2025
|
|
YEAR BUILT
|
1924
|
COMMUNITY
|
Glassel Park
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Feb 11, '25
|
$1,599,999
|
| Feb 11, '25 - Today |
$1,499,999 |
| AREA |
Glassel Park |
| LOT |
8002 sq ft |
| LOT DESCRIPTION |
0-1 Unit/Acre |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
1 |
| WATER |
Public |
| ZONING |
LAR1 |
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Listed with LUIS SANCHEZ, 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 3/19/25 3:01 AM 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 2025.
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