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Listing Details

Status
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On Site
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On Market
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MLS #
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Neighborhood
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Type
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Built
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School Ratings & Info

Description

First time on the market in over 30 years! This multi-family property is a great investment opportunity located in East Los Angeles and offers 4 spacious units (almost 800 Sq Ft each). All 4-units consist of 1 bedroom, 1 bath, living room, dining area, laundry room and both upstairs units have balconies. Furthermore, the property has alley access with 1 garage for each unit. Rents are below market value and have a generous amount of upside potential. Conveniently located near DTLA, shopping (Citadel Outlets), and the 5 and 710 freeways. The property is dated, in need of repairs and being sold in "AS-IS condition. Drive by only, do not disturb tenants. Offers are welcome!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T21:31:45.67. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
www.homesinthehighdesert.com/homes/116224219
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1442 S Vancouver Avenue East Los Angeles, CA 90022

  • Price: $935,000
  • Status: Active
  • Updated: 43 min ago
  • ID#: DW21080951
0
Beds
0
Baths
0
½ Baths
0.13
Acres
1927
Built
Neighborhood:
ELA - East Los Angeles
County:
Los Angeles
Area:
ELA - East Los Angeles
Property Description
First time on the market in over 30 years! This multi-family property is a great investment opportunity located in East Los Angeles and offers 4 spacious units (almost 800 Sq Ft each). All 4-units consist of 1 bedroom, 1 bath, living room, dining area, laundry room and both upstairs units have balconies. Furthermore, the property has alley access with 1 garage for each unit. Rents are below market value and have a generous amount of upside potential. Conveniently located near DTLA, shopping (Citadel Outlets), and the 5 and 710 freeways. The property is dated, in need of repairs and being sold in "AS-IS condition. Drive by only, do not disturb tenants. Offers are welcome!
Exterior Features

Lot Features Corner LotFront Yard Number Of Separate Electric Meters 4 Parking Total 4 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 1 Common Wall

Property Features

Additional Parcels YN No Common Interest None Community Features Street LightsSidewalks Electric Expense 0 Exclusions Personal Property Fuel Expense 0 Garage YN Yes Gross Income 39900 Gross Scheduled Income 39900 Insurance Expense 1200 Land Lease YN No Laundry Features In Kitchen Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Maintenance Expense 2200 Net Operating Income 21300 New Construction YN No New Taxes Expense 11500 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 18600 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Actual Rent 3325 Trash Expense 1200 Water Sewer Expense 2500 Water Source Public Zoning Lcr4*

Listing provided courtesy of Edgar Cortez of Grand Avenue Realty & Lending


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T21:31:45.67. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Freedom. Licensed in the State of California, USA.
 
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RE/MAX Freedom
12180 Ridgecrest Rd. Building E Ste. 522
Victorville CA, 92395