Description
MAJOR PRICE REDUCTION, only $105,000/Unit!! We are pleased to present for sale an incredible VALUE ADD income opportunity located in the heart of East Los Angeles! Comprised of 16 VACANT SRO Units (16 single rooms with 3 shared bathrooms + 4 toilets) + a detached duplex (1 BD/1 BA each), this property affords an investor a chance to reposition the building for maximum cash flow!! In addition, owner is in the final stages of getting approved plans to convert all SRO units into individual studios with their own bathrooms AND approved plans to add a 3rd unit to the front duplex = significant further income potential!!! Proforma income of almost $25,000/month! Electrical permits have been completed to install combo smoke and carbon monoxide detectors throughout the property. Brand new roof has been installed for the front duplex. The property is centrally located in East LA with convenient access to downtown LA, East LA College, USC Medical Center, and all shops & retail on Whittier Blvd!! Excellent opportunity for senior living, homeless housing, or any other non-profit use! Do not miss your chance to purchase a CLEAN SLATE with tons of upside in a high rental demand area of Los Angeles. Floorplans available upon request. Contact listing agent for more details or to setup a showing.
Location
Similar Listings
$429,000
3
2
1,625 Sq ft
ACTIVE
MLS# 219090452PS
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Listing Agent: Daniel Shamooelian 01984269 Courtesy of: BRC Advisors- BH "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: 5th February, 2023 9:53 AM (UTC)
