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Tera Rench

terarenchre@gmail.com +1(262) 370-7299

$1,649,000

Est. payment - /mo

9,918 Sqft Lot

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UPDATED:

Key Details

Property Type Other Types

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID OC26053622

HOA Y/N No

Year Built 1963

Lot Size 9,918 Sqft

Property Sub-Type Apartment

Property Description

Now offered at $1,649,000! this multifamily property presents an opportunity to acquire six income-producing units
in historic Lincoln Heights, just minutes from Downtown Los Angeles. Situated on an approximately 9,919-square-foot lot, this multi-family property offers approximately 4,548 square feet of building area, featuring a three-bedroom main residence and five additional one-bedroom, one-bathroom units. With existing rental income, two units anticipated to be delivered vacant, and potential for future rental growth or development (buyer to verify with the city), this property offers flexibility and long-term investment potential.

Conveniently located near major freeways, dining, and neighborhood amenities, it's an ideal opportunity for investors looking to expand their portfolio in a desirable Los Angeles location. Six Units, a generous lot size, and an improved price!

Location

State CA

County Los Angeles

Area 677 - Lincoln Hts

Interior

Interior Features Tile Counters, Track Lighting

Heating Wall Furnace

Cooling None

Flooring Carpet

Fireplaces Type None

Inclusions Stoves

Fireplace No

Laundry Common Area

Exterior

Parking Features Assigned, Concrete, Driveway, Paved

Pool None

Community Features Gutter(s), Street Lights, Sidewalks

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Water Connected

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One,Two

Sewer Public Sewer

Water Public

Level or Stories One, Two

New Construction No

Others

Senior Community No

Tax ID 5204024011

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard, Trust

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Listed by William Bingley William Bingley, Broker 949-315-9059, DRE #01940351

NEARBY SCHOOL & BUSINESS

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2325 Johnston ST Los Angeles, CA 90031