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Listed by Carol Oliva, DRE #02077598 • LPT Realty, Inc
$ 1,170,000
Est. payment | /mo
7 Beds
3 Baths
2,747 SqFt
$ 1,170,000
Est. payment | /mo
7 Beds
3 Baths
2,747 SqFt
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,747 sqft
Price per Sqft $425
MLS Listing ID CRSR26014037
Bedrooms 7
Full Baths 3
Year Built 1961
Lot Size 5,081 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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 diligen
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Cooling Central AC
Fireplaces Type Other
Laundry None
Exterior
Parking Features Gate / Door Opener, Other
Garage Spaces 7.0
Pool None
View Other
Building
Water District - Public
Others
Tax ID 5179014055
Special Listing Condition Not Applicable
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