Los Angeles, CA 90001
$699,999
Mark Quesada
Broker / Owner
DRE #02101365
PRICE REDUCTION! MOTIVATED SELLER! GREAT INVESTMENT OPPORTUNY! Well-maintained 4-unit property consisting of 3 separate buildings, offering excellent income potential. Each unit features 1 bedroom, 1 bathroom, interior laundry, and wall heaters. Property offers ample parking with a large front driveway and additional parking behind the wrought-iron gate. Excellent opportunity to increase rental income! The occupants of 1715 1/2 have indicated a willingness to relocate, potentially providing the new owner an opportunity to stablish a new rental rate upon lawful vacancy, subject to applicable rent-control and tenancy laws. Current gross monthly rental income is approximately $4,389, with potential for increased income. Property features 4 separate electric meters and 4 separate gas meters, with tenants paying their respective usage. Additional yard/grass area may offer future development or ADU potential, subject to buyer verification of zoning, permits, and local requirements. Great opportunity for an investor looking to expand their portfolio or a buyers seeking a multi-unit property with long-term income and value-add potential. Buyer to verify all rents, tenancy information, permits, square footage, zoning, and development potential.
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$5,166/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
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Listed by Sandra Balentan, COLDWELL BANKER LEADERS
MLS# CV26154450 · Active
History reflects records reported to the MLS and may be incomplete.