Up and Coming Harvard Heights (just above West Adams Heights!)...A RARE opportunity! This Craftsman Classic 4-Unit Smart Investment has so much to offer! Existing are 4 One-Bedroom Units, yet the Tax Assessor states that there are 2 Two-Bedroom Units and 2 One-Bedroom Units, Tax Assessor has stated ''6 Bedrooms'', something to look into, for sure! Many Property Features have been Updated in recent years. AND 'EVEN BETTER' GOOD NEWS: One unit can be delivered Vacant! This allows the Buyer(s) to either provide this Vacancy to a Family Member, OR Rent this Vacancy at Current Market Rates (which is pretty darn good these days!). ALSO, Should this help the Buyer(s), there is an Assumable LOW Interest Rate(3%, 4% and 5% at specified times during the term of the loan)1st Trust Deed Loan of about $350,000, with approximately 8 more years left on the Loan, available to the Buyer. This is a MAJOR benefit for the Buyer. Interest only payments due each month on the assumable loan!!!
It is a beautiful triplex in East Los Angeles. This home welcomes a large formal dining room and a large family room with an upstairs loft that could be used as a bedroom. Please call for more details.
This triplex boasts a spacious main house with 3 bedrooms, 2 modern bathrooms, a cozy fireplace, elegant crown moldings, and a beautiful wrought iron front door. Additionally, it offers 2 separate units, each with 2 bedrooms and 1 bathroom, providing strong rental income potential. The property also features a spacious backyard ideal for entertainment, complete with a built-in BBQ, stainless steel appliances, and a patio with stylish stamped concrete flooring.
Seize this unique opportunity with a property that's RTI (Ready To Issue) permitted and poised for transformation. Currently a duplex, it comes with approved plans to convert into a 5-unit residential complex. This project represents a significant value add, increasing from a duplex to a total of five units. The total proposed square footage for this new development is a substantial 7,730 square feet! Utilize the favorable LAR3 zoning and TOC program in place. Additionally, this property is located in an area eligible for the Ladder Up Home Loan Grant, offering up to $50,000 in grant credits for qualified owner-occupant buyers who meet eligibility requirements. This is a rare opportunity to secure a multi-unit property in a prime location with financial assistance available.
$275K price update! MOTIVATED SELLERS! This mixed-use property features a blend of both commercial and residential spaces, making it an attractive prospect for investors seeking a diverse income stream and future growth potential. Boasting a generous lot size of 5,948 square feet, the property comprises two separate buildingsāa 2,660-square-foot commercial market with a secure five-year lease and a 864-square-foot 2-bedroom/1-bath residence currently on a month-to-month tenancy. The commercial market provides a stable income with a remaining five-year lease, offering investors a reliable return at an attractive 7% cap rate. Meanwhile, the residential unit adds flexibility, allowing for owner occupation, rental, or potential conversion opportunities. This property presents a unique house-hacking opportunity by combining a commercial unit with residential space, allowing owners to live in one while generating income from the other, effectively offsetting living expenses. Priced at $500 per square foot for the residential component, this property is positioned competitively in the market. Its strategic location, with easy access to major transportation routes and proximity to downtown LA, further enhances its appeal. This investment opportunity not only provides immediate returns but also offers a diversified portfolio with long-term appreciation potential. Don't miss the chance to explore the possibilities of this mixed-use gem in Boyle Heights. Contact us today to seize this unique investment opportunity. Developer? Tier 2 TOC bonus available. Available separately or concurrently with neighboring property.
$260K Price update! MOTIVATED SELLERS! Introducing an extraordinary investment opportunity nestled in the vibrant Boyle Heights neighborhood of Los Angeles. This mixed-use property, strategically positioned for both residential and commercial success, boasts a substantial lot size of 5,139 square feet. Comprising two separate buildings, the first encompasses a 728-square-foot salon, offering a turnkey investment with a month-to-month lease and an enticing 7% cap rate. The second building features a comfortable 2-bedroom/1-bath residence spanning 1,345 square feet. Notably, the residence includes a non-confirming studioāa hidden income potential not currently reflected in the existing revenue. The month-to-month leases for both the salon and the residential unit provide flexibility for new owners, whether considering owner-occupation or optimizing rental terms. This property offers a unique house-hacking opportunity, allowing residents to live in the comfortable home while benefiting from the immediate income generated by the salon. Furthermore, with the potential for an SBA loan, financing options add an additional layer of appeal for savvy investors. Priced attractively at $500 per square foot for the residential component, this property stands out in the market. Beyond its immediate income potential, the mix of commercial and residential elements positions it as a well-rounded investment with prospects for long-term appreciation. Don't miss the chance to explore this rare mixed-use gem in Boyle Heights. Contact us today to uncover the full potential of this dynamic propertyāperfect for those seeking a diverse investment portfolio or a distinctive house-hacking opportunity. Developer? Tier 2 TOC bonus available. Available separately or concurrently with neighboring property.
Offered for Sale: Two Multifamily Apartment Buildings: Westchester Neighborhood Prime Development Opportunity 'TWO PARCELS' side by side. The two properties are being sold as āOne Purchaseā under this Listing Agreement. The āData Analysisā for the two properties have been combined under one total, as it applies to each of the āDataā categories. Total Units: 18: Building Size 13,259 SF: Lot Size: 24,308 SF Total Gross Income: $ 282,852 yrly. --- Total Gross Income $23,571 monthly --- Total Operating Expenses: $ 53,744 yrly---- Net Income: $ 229,108 yrly Apartment Building: Lead Address: 7113 La Tijera Blvd Los Angeles CA 90045: APN 4103-008-026 14 Units: Building: 10,495 SF Lot: 16,206 SF Apartment Building: Lead Address: 7107 La Tijera Blvd Los Angeles CA 90045: APN 4103-008-025 4 Unit: Building: 2,764 SF Lot: 8,102 SF Property is subject to the City of Los Angeles Rent Control Ordinance. Laundry facilities on-site: Great opportunity to develop the two properties to their full potential. Will cooperate with 1031 exchange
Subject to cancellation of previous escrow. We are pleased to present this RARE fully occupied 3 units & 9,301 SF. lot in a popular/dense rental market just minutes from the Forum and the new So-Fi Football Stadium. The Clipper's new stadium is now under construction. This lot has the potential to build 20 units fully utilizing TOC Tier 2. This land can also be developed as 60-Unit QUALIFIED PERMANENT SUPPORTIVE HOUSING development. Property sold in its AS-IS condition and buyer to verify all information. Hurry, this property won't last!
Back On The Market!!! One Buildings Total 5 Units. Each Unit Featuring 2-Story, 2 Bed Rooms & 1.5 Bath. Existing Rent Is Below Market Due To Senior Owner Never Adjusted The Rent Properly. Unit #1 & Unit 4 are vacant. Fair Market Rent Is Around $2,500/ Unit. Offer Subject to Inspection.
- Hollywood Gem with Duplex and ADUs Welcome to this remarkable property in Hollywood! Featuring a front duplex with two bedrooms and one bathroom in each unit, as well as two brand new accessory dwelling units (ADUs) with one bedroom and one bathroom each. This is an excellent investment opportunity. The front duplex offers inviting living spaces, well-appointed kitchens, and comfortable bedrooms. The newly constructed ADUs provide additional flexibility for guests or rental income. Conveniently located in a vibrant area near entertainment, dining, and major attractions. Donāt miss out on this Hollywood gem! Contact us today for a viewing.
Los Angeles is located in California. Los Angeles, California has a population of 3,949,776. Los Angeles is less family-centric than the surrounding county with 30.49% of the households containing married families with children. The county average for households married with children is 32.35%.
The median household income in Los Angeles, California is $54,501. The median household income for the surrounding county is $61,015 compared to the national median of $57,652. The median age of people living in Los Angeles is 35.2 years.
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