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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,825,000

Est. payment - /mo

9,896 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW23173990

HOA Y/N No

Year Built 1914

Lot Size 9,896 Sqft

Property Sub-Type Mixed Use

Property Description

Welcome to your next lucrative investment in Los Angeles! This exceptional seven-unit multi-family property is now available and ready to generate steady rental income. Located in the vibrant community of Lincoln Heights, this property offers a fantastic opportunity.This seven unit represents an excellent investment opportunity in a thriving rental market. Perfect for investors or a family that wants to produce income and live on the property. First time on the market since 1969. Family owned and operated for 54 years. One unit has 3 bedrooms and 2 baths, two units have 2 bedrooms and 1.5 baths, the other four units are spacious 1 bedroom, 1 bath each (one unit has an additional bonus room used as a 2nd bedroom). Wonderful lot size to host with a private back yard and plenty of parking. two garages, one is 2 car garage and the other is a one car garage. Convenient location with easy access to Downtown L.A., Walt Disney Concert Hall, Chinatown, Crypto.com Arena, Dodger Stadium, CAL State LA, Metro link, freeways (5,60,110,10,101), DMV, private and public schools, Los Angeles Medical Center, Keck School of Medicine of USC, Nightlife, Public transportation. Many Landmarks near, Lincoln Park Historic district, Los Angeles State Historic Park that host many events, Elysian Park, San Antonio Winery, The Brewery Art Colony, Heritage Square Museum. Walking distance to shopping stores, library and restaurants, perfect for outdoor dining.

Location

State CA

County Los Angeles

Area 677 - Lincoln Hts

Zoning LAC4

Interior

Cooling Central Air

Fireplace No

Laundry In Garage

Exterior

Parking Features Direct Access, Driveway, Garage, Garage Door Opener, Public, Private, RV Access/Parking, One Space

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Fishing, Park

Total Parking Spaces 10

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two,Multi/Split

Sewer Public Sewer

Water Public

Level or Stories Two, Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5204012011

Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Trust

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Listed by Biridiana Robles • HomeSmart Realty Group • 323-490-2723

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2429 Workman ST Lincoln Heights, CA 90031