2312 Lincoln Park, Los Angeles, CA 90031
2312 Lincoln Park, Los Angeles, CA 90031
2312 Lincoln Park, Los Angeles, CA 90031
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$688,900
Est. payment /mo
0.33 Acres Lot
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID RS26119870

HOA Y/N No

Year Built 1910

Lot Size 0.333 Acres

Lot Dimensions Assessor

Property Sub-Type Triplex

Property Description

Investor GOLD MINE! Not only do you get three 2/1 units, but the lot is zoned R3 and most properties on this side of the block are 8+ units! The lot is flat in front, but sloped in the rear, so you have building potential on the hill to capture amazing city lights views, including Chavez Ravine and Catalina! If it were renovated and rented at market value then this property is easily worth 1.3M, but add more units or a dream house on the hill and you could be looking at millions of dollars in property value! There is a down-side... Two of the three units are occupied and pay way under market rent. The third unit is occupied by a relative of the former tenant and has not paid rent since the tenant moved out, so he is considered a squatter. A 3-day Notice was served already. Both paying tenants are open to discuss relocation assistance. The upside is incredible, so hurry and make your offer subject to interior inspection TODAY!!!

Location

State CA

County Los Angeles

Area 677 - Lincoln Hts

Zoning LARD3

Interior

Fireplace No

Laundry None

Exterior

Parking Features Driveway

Pool None

Community Features Street Lights, Sidewalks, Urban

Private Pool No

Building

Story 2

Entry Level Two

Sewer Unknown

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5211014021

Energy Description 3600.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Trust

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Listed by Patrick Owen Pat Owen Realty pat@patowen.com, DRE #01076539

NEARBY SCHOOL & BUSINESS

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