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$ 1,400,000
Est. payment | /mo
3,816 SqFt
$ 1,400,000
Est. payment | /mo
3,816 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,816 sqft
Price per Sqft $366
MLS Listing ID CL26658973
HOA Y/N No
Year Built 1959
Lot Size 9,599 Sqft
Acres 0.2204
Property Sub-Type Other
Property Description
Compass is pleased to present the opportunity to acquire a five-unit property in the highly desirable neighborhood of Glassell Park. Situated on a generous 9,599-square-foot lot, this property offers both immediate income and significant upside potential.The property consists of two separate buildings. The front building features four two-bedroom, one-bathroom units, while the rear building is a four-bedroom, three-bathroom home that will be delivered vacant at closing. This creates a rare opportunity for an owner-user to live on-site while generating rental income, or for an investor to lease the unit at market rates and maximize returns.The subject property is conveniently located near shops, restaurants, major freeways, and Downtown Los Angeles, making it highly attractive to tenants. This is an excellent opportunity for both owner-users and investors alike.With rents currently below market and Glassell Park continuing to experience strong appreciation, this property presents a prime value-add opportunity with substantial income growth potential.Opportunities like this in one of Northeast LA's most sought-after neighborhoods do not last long.!
Location
State CA
County Los Angeles
Zoning LARD2
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5458016033
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Listed by Bo Hyeok Kim • Compass
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AnnMarie Barajas
Partner | Lic# DRE# 01898810