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Description
***Rare opportunity to own one of the most valued income properties in a prime location on the LA market!*** You will have difficulty finding a well cared for 4-plex with long-term, wonderful tenants like this one! This gem offers two 1st floor units with patios, two upstairs units, two oversized garages, and an adjacent carport. Minimum annual income starts at $45,000. Increase your profit by taking advantage of California s statewide expanded housing law which legalizes garage conversions into dwelling units. Imagine the possibilities! All four units feature 2 bedrooms, one full bathroom, oversized living rooms, functional kitchens, and best of all, the rooms allow for plenty of natural light. Unit sizes range from 801-820 square feet. The common areas are kept tidy and perfectly manicured, keeping maintenance costs low. This property has great curb appeal complimented by the lush green lawn, decorated with two beautiful custom art sculptures made from skilled iron work. There are also five gas and electricity meters. Conveniently located near a hand car wash, public storage, Fire Department, gas station and other small businesses, including local coffee shops and eateries. College students are within walking distance to Cal-State LA University. USC Keck Medicine, LA County Hospital, and Downtown LA are just a few minutes away. The property is located within the community of El Sereno in Northeast Los Angeles which borders the cities of South Pasadena and Alhambra. Place an offer today before it s too late!**VIRTUAL TOURS OF ALL 4 UNITS AVAILABLE UPON REQUEST**
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$3,000,000
2
6,660 Sq ft
Looking For Backup
MLS# IV23011705MR
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"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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 1st April, 2023 4:56 PM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 1st April, 2023 4:56 PM (UTC)
Listing Agent: Ying-huei Chou
Listing Office: K.W. EXECUTIVE