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$1,810,000
Est. payment /mo
16 Beds
12 Baths
7,258 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,258 sqft
Price per Sqft $249
MLS Listing ID 26640249
Bedrooms 16
HOA Y/N No
Year Built 1963
Lot Size 0.400 Acres
Property Description
Prime Income Property near Downtown Los Angeles! Take advantage of this outstanding investment opportunity consisting of ten-apartment units; producing $9893 in current monthly income, located in a highly desirable area. The property includes four buildings with a desirable unit mix of one 4-bedroom/2-baths unit, four 2-bedroom/1-bath units and five 1-bedroom/1-bath units. The building numbers are 1050 - 1052 - 1054; constructed in 1963, and have been well cared for. Amenities include on-site laundry room for tenant convenience, off street parking, enclosed yard with metal fencing, and block walls along perimeter of a spacious 17,432 sq ft lot, that includes 10 on-site parking spaces and room to build an additional building. Each unit features separate gas and electric meters. Centrally located just 5 miles from Downtown LA and 3 miles from USC, with quick access to the 110 Freeway and public transportation. Shops, dining, parks, and church or worship facilities are nearby. Interior showings of vacant units only, tenant occupied units shown with accepted offer only. Seller is motivated! Don't miss this rare opportunity.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD1.5
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Appliance Dryer
Exterior
Parking Features Assigned, One Space
Total Parking Spaces 10
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 5104003022
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Special Listing Condition Standard
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Listed by Sherie Howard Sherie Howard & Associates, Inc
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