Los Angeles, CA 90022,732 S Ferris AVE
Los Angeles, CA 90022,732 S Ferris AVE
Los Angeles, CA 90022,732 S Ferris AVE
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$1,399,000
Est. payment /mo
10,628 Sqft Lot
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UPDATED:

10/29/2024 07:08 PM

Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID MB24142034

HOA Y/N No

Year Built 1928

Lot Size 10,628 Sqft

Property Description

Welcome to this Amazing opportunity to own a Great Producing 8 Unit Commercial Property located in the Heart of East Los Angeles that is generating great rental income already but has a ton of more potential room for growth. This property consist of 7 units 1 Bedroom 1 Bathroom and 1 Unit 3 Bedroom and 1 Bathroom. The property was just freshly painted on the exterior, a new roof was put in recently, and property has been well maintained. This property has its own laundry room with coin operated machines for tenants use and will generate extra income for you. Property is located on the County Side where water bill is cheaper and has a low cost to maintain the property. The property is located in a highly desirable area of East Los Angeles located steps away from the famous Whittier corridor and close to many shopping stores and major freeways 5, 710, and 60 FWYS. Due to it's location vacancies are a thing of the past when a property comes up for rent there's a line of tenants looking to rent. You wont want to miss this opportunity perfect for a 1031 Exchange or any one looking to tap into Commercial Real Estate. See you in Escrow :).

Location

State CA

County Los Angeles

Area Wla - West Los Angeles

Zoning LCR3*

Interior

Fireplace No

Laundry Laundry Room

Exterior

Pool None

Community Features Sidewalks

Private Pool No

Building

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5240007007

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Special Listing Condition Standard


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California Regional MLS (CRMLS)
Listed by EDWIN BLANCO • CENTURY 21 REALTY MASTERS • 323-695-1868
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732 S Ferris AVE