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$1,050,000
Est. payment /mo
8,999 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25235758
HOA Y/N No
Year Built 1921
Lot Size 8,999 Sqft
Property Sub-Type Quadruplex
Property Description
Subject property is a 4,032 SF 4plex built in 1921 and situated on a spacious 9,001 SF lot. It can be sold separately or together with a 3plex on the adjacent lot at 11143 Van Buren Ave.
The 7-unit portfolio consists of a 3-plex and a 4-plex, offering strong current income of $16,671/month and future development opportunities. (Income for 4plex is $9,538/month) ...Excellent Unit Mix of All 2-Bedroom, 1-Bathroom Units, All Section 8 Tenants. Total Lot Size: 9,001 sq. ft
Lot Zoned LC R320U* provides Opportunity for Future Development with Unlimited Density Bonus for Affordable Housing OR Potential to
build ADUs...
Prime Location – Near Major Freeways, Schools, Shopping Centers, and Public Transportation! Whether you're
an investor looking to expand your portfolio or seeking a cash-flowing, high-potential multi-family property, this is a rare opportunity in a rapidly growing area of Los Angeles.
The 7-unit portfolio consists of a 3-plex and a 4-plex, offering strong current income of $16,671/month and future development opportunities. (Income for 4plex is $9,538/month) ...Excellent Unit Mix of All 2-Bedroom, 1-Bathroom Units, All Section 8 Tenants. Total Lot Size: 9,001 sq. ft
Lot Zoned LC R320U* provides Opportunity for Future Development with Unlimited Density Bonus for Affordable Housing OR Potential to
build ADUs...
Prime Location – Near Major Freeways, Schools, Shopping Centers, and Public Transportation! Whether you're
an investor looking to expand your portfolio or seeking a cash-flowing, high-potential multi-family property, this is a rare opportunity in a rapidly growing area of Los Angeles.
Location
State CA
County Los Angeles
Area C36 - Metropolitan Southwest
Zoning LCR320U*
Interior
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Parking Features Assigned
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Street Lights, Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6076019032
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Listed by Evelyn Baez Gonzalez Lyon Stahl Investment Real Estate, Inc. 951-902-3006
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