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$688,900
Est. payment /mo
6 Beds
3 Baths
0.33 Acres 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 RS26119870
Bedrooms 6
Lot Size 0.334 Acres
Lot Dimensions 289 X 50
Property Sub-Type Res Income 2-4 Units
Property Description
Investor GOLD MINE! Not only do you get three 2/1 units, but the lot is zoned R3 and most properties on this side of the block are 8+ units! The lot is flat in front, but sloped in the rear, so you have building potential on the hill to capture amazing city lights views, including Chavez Ravine and Catalina! If it were renovated and rented at market value then this property is easily worth 1.3M, but add more units or a dream house on the hill and you could be looking at millions of dollars in property value! There is a down-side... Two of the three units are occupied and pay way under market rent. The third unit is occupied by a relative of the former tenant and has not paid rent since the tenant moved out, so he is considered a squatter. A 3-day Notice was served already. Both paying tenants are open to discuss relocation assistance. The upside is incredible, so hurry and make your offer subject to interior inspection TODAY!!!
Location
State CA
County Los Angeles
Zoning Assessor
Direction From Lincoln High School go south on Lincoln Park and it's on the left about 7-8 properties down the street on your left.
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5211014021
Acceptable Financing Cash
Listing Terms Cash
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Listed by Patrick Owen, DRE#01076539 Pat Owen Realty
Nearby School & Business
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