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$750,000
Est. payment /mo
2 Beds
6,186 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID CV25251573
Bedrooms 2
Lot Size 6,186 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
***SELLER FINANCING*** Mixed-use investment property ideally positioned in the rapidly evolving El Sereno submarket of Los Angeles. The property consists of one single-family residence (2BR/1BA) with a long-term tenant of 10-years and two street-front commercial units, one in which is currently vacant and the other is occupied with another long-term tenant of 7-years. (Month-to-Month leases) Each unit is individually metered for gas & electricity. Situated on a 6,176 SF lot along Eastern Avenue, the property provides investors and owner-users with the rare opportunity to leverage multiple income streams and explore value-add potential through ADU additions or conversion of commercial units to residential (subject to City of Los Angeles approval). This property offers a variety of income and redevelopment options. significantly increase cash flow and enhance long-term value. There is also a conversion opportunity to transform the existing commercial storefronts into residential spaces, subject to verification with the City of Los Angeles. Alternatively, an investor may choose to hold the property for appreciation, maintaining the current structure while benefiting from the continued upward trajectory of values in one of Los Angeles most promising and emerging neighborhoods. Notably, nearby projectssuch as the 42 single-family homes recently approved at 2520 N Eastern Avenuefurther highlight the strong demand and ongoing redevelopment momentum throughout the El Sereno area. El Sereno is a vibrant and centrally located community within the City of Los Angeles, bordered by Alha
Location
State CA
County Los Angeles
Zoning Public Rec
Direction Exit On Valley Blvd. Drive to N Eastern Avenue. Destination Will Be on The Left.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5213039031
Acceptable Financing Cash
Listing Terms Cash
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Listed by Douglas McCauley MARCUS & MILLICHAP
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