Homes for sale - 3445 E 4th ST, Los Angeles, CA 90063

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Diego Magdaleno

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

$879,000

Est. payment - /mo

9 Beds

3 Baths

2,422 SqFt

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UPDATED:

02/20/2025 01:28 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,422 sqft

Price per Sqft $362

MLS Listing ID 25497733

Bedrooms 9

HOA Y/N No

Year Built 1953

Lot Size 5,985 Sqft

Property Description

In a market where it is so difficult to find a property that cash flows, we are presenting one to you here that does. Honestly, where are you going to find a property in L.A. right now that is a true 7.6 cap and a 9.15 GRM??? Each unit is a 3 bed 1 bath. The property has been well taken care of by the current owners and should stand up well to a licensed home inspection. The units were renovated about 6 years ago. The tenants that are currently in there are paying $2300 and $2400. With the third unit being vacated, if a new owner wants to get a Section 8 tenant in there, they will get right around $3300/mo, which brings the total income to $8000/mo. The tenants being vacated have not paid rent for several months and the sellers have already hired an Attorney and already have a court date set for mid-April. If the new owner will take possession of the property with those tenants still in place the sellers will continue to take care of all costs and all actions necessary to complete the eviction. Or, if a buyer wants to wait for the eviction to be complete before close of escrow that too can probably be done. With a 25% down loan at 7% interest, the new owner will cash flow $2,000/mo or $24,000 annually, with only $220,000 out of pocket. And there is good upside as the rents in the other units are approximately $2,000 ($1000 for each unit) below what section 8 will give. Another big plus is that there are three parking spots (one parking spot per unit) and possibly an additional one in between the two structures. Also, the rear unit, being totally detached and far away from the other two, as well as having it's own yard space, lends itself nicely to an owner possibly living there. This is definitely a really good property to start your real estate investment career with, or to add to your portfolio if you are already experienced.

Location

State CA

County Los Angeles

Area Boyh - Boyle Heights

Zoning LAC2

Interior

Heating Combination

Fireplace No

Appliance Refrigerator, Dryer, Washer

Exterior

Parking Features Uncovered

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5179013045

Special Listing Condition Standard

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Listed by Ken Shapiro • Silverwood Properties

If you are disappointed with the options available within your budget, let me know. 95% of the time, I can help "tweak" search criteria and find at least 10 properties that are tempting.

+1(714) 376-8652

diego@1visionproperties.com

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3445 E 4th ST Los Angeles, CA 90063