GREAT INVESTMENT OPPORTUNITY! This REO multifamily is located in the East Hollywood neighborhood of Los Angeles. The property has renovated furnished units while being walking distance from the Metro Line across from LA City College. There is also easy 101 Freeway access for travel. Originally built in 1921 as a… Read More 4-unit multi-family structure, the building has undergone renovations (without city permits) that added 4 additional units, bringing the total to 8 units. The two original ground floor units have been converted into four units, while the covered garage spaces have been converted into two units. The renovated units are a mixture of (2) studio, (2) 1 bedroom + den, and (4) 2 bedroom units. 75% of the units are furnished and vacant, ready for a new owner to come and work their magic. Read Less
Property listed by Lee & Associates Investments Services Group Inc, Alvin Scioneaux 213-623-0800
Listing Snapshot
Days Online
35
Last Updated
Property Type
Other
Beds
12
Square Ft.
4,116
Lot Size
0.14 Acres
Year Built
1921
MLS Number
24451451
30 Days Snapshot Of 90029
$995k
-15%
(avg) sold price
3
0%
homes sold
38
-62%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1921, Building area total: 4,116, Levels: MultiSplit, Living area: 4116, 2 buildings
Income
Gross income: $168,000, Net operating income: $120,000
Lot
0.1435 acres, 6,251 square feet, Size: 6,251
Parking
Driveway
Property
Zoning: LARD1.5
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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