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Nicole Hazelton-Meacham

[email protected] +1(619) 206-1892

$3,880,000

Est. payment - /mo

1 Bed

1 Bath

0.31 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID WS26018859

Bedrooms 1

Lot Size 0.309 Acres

Property Sub-Type Res Income 2-4 Units

Property Description

Dont miss this rare opportunity to acquire a stable income-producing property with significant upside. This 24-unit apartment building is located in the prime Lincoln Heights area and consists entirely of one-bedroom, one-bath units in a classic courtyard-style layout. The elevator-served building is easily convertible to senior living use and is situated in a high-demand rental market with a very low vacancy rate. Major capital improvements have already been completed, including a full seismic retrofit and a recently replaced roof. The property offers a low cost per unit and is first time on market in over 20 years. Existing assumable loan with an attractive 3% interest rate. Approximately 40% rent upside while maintaining in-place stable income, this is an exceptional value-add investment opportunity.

Location

State CA

County Los Angeles

Zoning Public Rec

Direction North of Broadway

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Senior Community No

Tax ID 5206009017

Acceptable Financing Exchange

Listing Terms Exchange

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Listed by ANDY DENG, DRE#01297692 DENGO INVESTMENT INC.

Nearby School & Business

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Nicole Hazelton-Meacham

+1(619) 206-1892

Broker Associate License ID: 01819363

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2614 Griffin Avenue Los Angeles, CA 90031

Nicole Hazelton-Meacham

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information