We are pleased to present a three (3) unit apartment building located in Los Angeles, California. The subject property is situated in a good East Los Angeles location, south of Whittier Boulevard and west of S Downey Road. Built in 1956, this property consists of an ideal unit mix of two (2) two-bedroom / one-bathroom units, and one (1) three-bedroom / one-bathroom house. All of the units have been recently renovated with hardwood flooring, new countertops, appliances, and in-unit washer and dryer machines. The two-bedroom units also feature a spacious den. The property is also gated and secure. The property is equipped with three (3) on-site parking spaces including two (2) garage spaces that can potentially be converted into multiple ADU units. Tenants will love being within a few miles of many trendy restaurants, nightlife, and entertainment options such as Lupe’s Burritos, Regency Commerce, Pacific French Bakery, Nike Community Store, and Salazar Park. Positioned in a good East Los Angeles Location, this offering presents an exceptional opportunity for an investor to capitalize on a triplex with incredible initial cash flow and qualifies for 30-year fixed residential financing.
Property Details
Price:
$1,299,000
MLS #:
24454143
Status:
Active
Baths:
0
Address:
928 S Record Avenue
Type:
Residential Income
Neighborhood:
elaeastlosangeles
City:
Los Angeles
Listed Date:
Oct 17, 2024
State:
CA
ZIP:
90023
Lot Size:
7,200 sqft / 0.17 acres (approx)
Year Built:
1956
Schools
Interior
Appliances
Dishwasher, Refrigerator
Flooring
Wood
Heating
Wall Furnace
Exterior
Garage Spaces
2.00
Lot Features
Rectangular Lot, No Landscaping, Yard
Parking Features
Driveway, Garage – Single Door, Private, Assigned
Parking Spots
5.00
Security Features
Gated Community
Stories Total
1
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Financial
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Courtesy of Marcus & Millichap. 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.
928 S Record Avenue
Los Angeles, CA
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