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Diego Magdaleno

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

$1,090,000

Est. payment - /mo

8,241 Sqft Lot

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UPDATED:

Key Details

Property Type Single Family Home, Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26066754

HOA Y/N No

Year Built 1902

Lot Size 8,241 Sqft

Property Sub-Type Mixed Use

Property Description

Discover an investment opportunity in the desirable Lincoln Heights neighborhood of Los Angeles? This huge lot property has been home to long-term, stable tenants, offering consistent occupancy and income. This multi-unit property features a total of 6 units across two separate dwellings with total of 7 bedrooms and 6 bathrooms, offering flexibility and long-term potential upside for savvy investors. With strategic management and thoughtful improvements over time, investors can capitalize overall property value. The property's setup and location, also make it especially attractive for those looking to implement a long-term investment strategy.
The front building is the original which has 3 units, the rear two levels building which was added in the 1950s has 3 units as well.
Ideally located near major landmarks and employment hubs, the property is just minutes from LAC+USC Medical Center, Chinatown, and Dodger Stadium, with Downtown Los Angeles nearby. Tenants benefit from convenient access to major freeways, public transportation, dining, shopping, and entertainment.

Location

State CA

County Los Angeles

Area 677 - Lincoln Hts

Interior

Fireplace No

Appliance Convection Oven

Laundry Inside

Exterior

Parking Features One Space

Pool None

Community Features Sidewalks

Utilities Available Electricity Available, Natural Gas Connected, Water Connected

View Y/N No

View None

Private Pool No

Building

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5208005002

Security Features Carbon Monoxide Detector(s),Smoke Detector(s),Window Bars

Acceptable Financing Cash to New Loan, 1031 Exchange

Listing Terms Cash to New Loan, 1031 Exchange

Special Listing Condition Standard, Trust

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Listed by Samuel Goh Wetrust Realty 626-215-0744, DRE #01986716

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2333 Eastlake AVE Los Angeles, CA 90031