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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,199,699

Est. payment - /mo

5,079 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26014330

HOA Y/N No

Year Built 1961

Lot Size 5,079 Sqft

Property Sub-Type Quadruplex

Property Description

4- Unit Income Property with strong in Place Cash Flow - East Los Angeles (90063). (Residential/Commercial)

Well- maintained, freshly painted 4 unit income property offering immediate cash flow and long term upside in a high demand rental area. The property consists of a detached 3bed/1bath, (2 units) 2bed/1bath, and a studio, all current occupied.
All units are separated addressed, enhancing tenant privacy and operational flexibility. Making it ideal for investors seeking immediate cash flow with minimal vacancy risk and or first time home buyer looking to live in one and profit from the others. All tenants are reported by the seller to be current on rent.

Located minutes from DTLA, major freeways, public transportation, employment centers and local amenities. Strong rental demand in the area supports long term appreciation and income growth.

**IDEAL FOR BUY AND HOLD INVESTORS, MULTI-GENERATIONAL LIVING, OR OWNER OCCUPANTS SEEKING RENTAL INCOME**

CURRENT RENT ROLL:
- Main House 326 Velasco Ave 3bed/1bath): $3,000
- 3501 E 3rd (2bed/1) $1,350
- 3501 1/2 E Ave (2bed/1bath) $1,800
-Studio $900

Income:
Gross Monthly Income: $7,050
Gross Annual Income: $84,600

**Buyer and buyer's agent to independently verify all information and perform their own due diligence. Listing agent, broker and seller make no warranties or representation.** Photos have been edited to give buyer's a vision and also to remove personal items.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 7.0

Garage Description 7.0

Pool None

Community Features Curbs, Street Lights

Total Parking Spaces 7

Private Pool No

Building

Lot Description Corner Lot

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5179014055

Acceptable Financing Cash, Conventional, FHA, Submit, VA Loan

Listing Terms Cash, Conventional, FHA, Submit, VA Loan

Special Listing Condition Standard

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Listed by Carol Oliva LPT Realty, Inc 818-297-4205, DRE #02077598

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3501 E 3rd PL Los Angeles, CA 90063