331 S Avenue 20 in Lincoln Heights is an excellent multifamily investment opportunity priced to move quickly. The offering is six one bedroom units with a huge upside in rents. A two story fourplex sits in front of a single story duplex in the back. The fourplex units have dens and balconies. A walkers paradise, the property boasts a 83 out of 100 walkscore. Both buildings have been recently painted and pressure washed. A large parking lot presents a possible opportunity to build an ADU. There aren’t many good deals out there right now. But this is truly one of the rare deals that pencils in todays market. Don’t miss out on this excellent investment opportunity.
Property Details
Price:
$1,020,000
MLS #:
24417531
Status:
Active
Baths:
0
Address:
331 S Avenue 20
Type:
Residential Income
Neighborhood:
677lincolnhts
City:
Los Angeles
Listed Date:
Jul 15, 2024
State:
CA
ZIP:
90031
Lot Size:
8,256 sqft / 0.19 acres (approx)
Year Built:
1920
Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
None
Parking Spots
6.00
Security Features
Smoke Detector(s)
Stories Total
2
Financial
Tenant Pays
Gas, Electricity
Map
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Courtesy of Compass. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 331 S Avenue 20
Los Angeles, CA
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